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...
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