Wednesday January 22, 2020

Revealed: How vulture funds paid €20k in tax on assets of €20bn

State has lost out on between €250 million and €350 million a year in tax revenues since 2014

Ian Guider

Markets Editor

8th January, 2017

The scale and scope of tax avoidance by vulture funds is now becoming apparent with new data showing 24 Irish subsidiaries of funds paid less than €20,000 of corporation tax in total despite controlling distressed property assets of almost €20 billion.

The startling figures are contained in the first comprehensive analysis of vulture funds’ activities, which shows that the state has lost out on between €250 million and €350 million a year in tax revenues since...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

He was once the garlanded saviour of Nissan. So how did Carlos Ghosn find himself a fugitive after one of the most glittering careers in the history of the car industry?

Barry J Whyte | 3 days ago

Our goal in the west should be to encourage the country’s leaders to make its economy more competitive, open and transparent

Vincent Boland | 3 days ago

Inflation figures do not measure the cost of living, and in our hyper-globalised economy it’s not always easy to count what’s real and what’s not

Aidan Regan | 3 days ago