Sunday September 20, 2020

CarVal firms pay just €500 in taxes

US vulture moved over €130m to parent companies following distressed assets activities here

6th November, 2016

CarVal, the multibillion US private equity firm that has heavily invested in toxic Anglo Irish Bank debts, shifted over €130 million to parent companies in low-tax jurisdictions while paying just €500 in Irish taxes.

The figures are revealed in filings for three CarVal subsidiaries lodged with the Companies Office in recent days. All three companies – Feniton Property Finance, Launceston Property Finance and Gulland Property Finance – are so-called Special Purpose Vehicles (SPVs), specifically set...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The state’s National Cyber Security Centre is constantly dealing with suspected attacks and urgently needs more resources

Michael Brennan | 6 days ago

We are far less reliant on the UK as a trading partner now than in previous decades — our focus needs to switch to the many challenges and opportunities of the future

Neale Richmond | 6 days ago

Covid-19 and an economic crisis are exacerbating the trauma of this month’s explosion, writes a Concern worker on the ground

Dom Hunt | 4 weeks ago