Finance Bill: Clipping the wings of the vultures

Foreign investors are fearful of retrospective action as the government slaps on a 20 per cent withholding tax

Finance minister Michael Noonan, is likely to reveal more about how he will deal with vulture funds in the ‘second stage finance bill’ Picture: Maura Hickey

The publication of the Finance Bill is not a day that usually stands out too much on the business calendar.

A few items always pop up which the small army of tax advisers based around Dublin can pore over, but usually it’s about cleaning up after the budget - minor changes and variations are the order of the day.

But not this year. The reason is that multibillion funds - which bought into ...