Major health firm director lobbied Noonan on tax loophole

Glencar warned minister that a clampdown on a tax loophole could impact its plans

Minster Michael Noonan

It has emerged that Glencar, a €200 million-backed healthcare firm with plans for major primary care centre and hospital development, lobbied Minister for Finance Michael Noonan ahead of the budget, warning that a clampdown on a controversial tax loophole could have a “devastating impact” on its plans.

John Drumm, a director of Glencar and a highly regarded surgeon, wrote to Noonan warning of the negative impact for healthcare building from amending the so-called ...