State pays €7m in rent to tax-shelter funds

Analysis of the state’s €86 million rent bill reveals payments

9th October, 2016
Hiqa is rented out to the State Pic:

The state is paying millions of euros in rent to controversial vehicles used by overseas investors to shelter their income from Irish tax, The Sunday Business Post can reveal.

An analysis of the state’s €86 million rent bill by this newspaper shows that various state bodies are now paying €7.1 million to companies structured in this manner.

These include funds set up by US property giant Hines, Davy Stockbrokers, and a multitude of...

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