Government to close off vulture funds’ tax loophole
Vulture funds have spent billions acquiring toxic loans in Ireland at knockdown prices
The government is going to shut down the charity tax loophole being exploited by vulture funds in the wake of the Apple tax ruling.
Vulture funds have spent billions acquiring toxic loans in Ireland at knockdown prices.
But they have been able to pay annual tax bills of just €250, despite earning millions in profits on the sale of their Irish assets.
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