Kinsella: Charity status for vulture funds - someone shout stop!
It may be legal, but this form of financialisation, facilitated by Irish legal firms, is doing serious damage to the Irish economy
Can you trust charities any more? In an inefficient and poorly regulated sector with huge overlap in terms of service provision, not only do we contend with a string of scandals, we now learn charitable status is being used by vulture funds to shield incomes earned in Ireland from the Irish tax system.
That is, to put it mildly, not a good thing. Facilitated by legal firms, somehow special purpose investment vehicles are being given...
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