Pepper forced to pay millions in back taxes

The tax losses were accumulated in the mortgage book of GE Ireland, which became deeply distressed after the financial collapse

Pepper Ireland has been forced to pay a multimillion- euro sum in back taxes after it failed in its bid to bank almost €130 million in losses against future taxes, The Sunday Business Post can reveal.

The tax losses were accumulated in the mortgage book of GE Ireland, which became deeply distressed after the financial collapse. Pepper bought the book of loans, which then had a face value of €600 million, from GE ...