Just who is keeping an eye on the vultures?
Ireland needs to start monitoring the activities of vulture funds
The scale of the tax avoidance by vulture funds in Ireland is astounding, shocking and scandalous. The Department of Finance moved last year to shut down the loophole, whereby funds utilised Section 110 companies to route vast sums abroad. However, the figures prepared for the RTÉ programme The Great Irish Sell-Off, and published in today’s newspaper, show that the move simply came too late.
Some 24 subsidiaries of vulture funds managing loans and...
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