REVEALED: the vulture funds that paid just €250 in tax

REVEALED: the vulture funds that paid just €250 in tax

Global funds make tens of millions from Irish property deals; Loophole allows investors to slash corporation tax bills

Vulture funds which have spent billions acquiring toxic loans in Ireland are paying tiny sums in tax, while at the same time funneling tens of millions to offshore entities.

This newspaper has learned that several funds made identical payments of just €250 to the Revenue Commissioners.

For example, Launceston Property Finance Limited, an entity controlled by CarVal, the multibillion euro US fund, has earned €75 million from its Irish investments so far. Its profits before tax...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription


For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription


For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription


For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post