Vulture funds in new move to slash tax bills and escape regulation
● Fianna Fáil claims that funds have discovered a ‘new nirvana’ ● Documents also reveal new strategy to avoid regulation
Vulture funds are putting in place new strategies to avoid tax and regulation, The Sunday Business Post can reveal.
Stephen Donnelly, the Fianna Fáil TD who identified the tax-slashing practices used by vulture funds in Ireland, has written to Minister for Finance Paschal Donohoe raising concerns about the funds’ tax practices, saying those seeking to avoid taxes have found a “new nirvana”.
Donnelly has told Donohoe that a substantial portion...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures