Builders want EU clarification on Nama complaint

Developers say Nama’s favourable tax status is the same as Apple ‘illegal state aid’

Nama head offices in Dublin Pic: RollingNews.ie

A group of disgruntled property developers has told the European Commission that Nama’s favourable tax status is the same as the ‘illegal state aid’ which resulted in a €13 billion penalty being handed down to Apple.

The charge is contained in a letter sent by the property developers to the European Commission, which it has asked to investigate Nama’s plans to expand into the residential development market.

The challenge, if it were successful, ...