Saturday February 22, 2020

Are Donohoe’s moves to rein in investment funds too little, too late?

The government is only moving against certain tax practices now because it needs the extra cash to make the budget add up

Ian Guider

Markets Editor

20th October, 2019

More than two years ago, this newspaper published details of a UCD School of Social Policy study of the tax paid by a number of investment funds – or vulture funds, as they are also called by some.

It found that the state lost out on anywhere between €250 million and €350 million in tax since 2014 as a result of loan portfolios being sold off by Irish banks. The exercise was done to accompany...

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