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...
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