Anglo ten in line for €100m in tax breaks

The members of the Anglo Irish Bank ‘golden circle’ will benefit from a €100 million tax break to offset against their future tax bills.

21st February, 2009

The members of the Anglo Irish Bank ‘golden circle’ will benefit from a €100 million tax break to offset against their future tax bills.

The ten ‘‘long-standing clients’’ of Anglo, who borrowed €451 million from the bank to buy 10 per cent of its shares, will qualify for tax relief on future capital gains, according to tax experts.

The list of ten names is believed to include six or seven...

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