Vulture fund with €265m assets paid €250 in tax

Fortress Credit Ventures was set up to invest in distressed assets around Europe

21st August, 2016

A US private equity firm with over €265 million in assets held by its Irish subsidiary paid just €250 in corporate tax to the Revenue Commissioners last year.

Fortress Credit Ventures (Europe), which is a subsidiary of the $70 billion US Fortress Investment group, was set up to invest in distressed assets around Europe.

It was an unsuccessful bidder for Nama’s controversial Project Eagle loan sale in 2014.

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