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

29th July, 2018

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...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years