Revealed: Nama, the vultures and the Section 110 tax dodge

Revealed: Nama, the vultures and the Section 110 tax dodge
Nama headquarters at Treasury Buildings: correspondence (inset) reveals that bidders disclosed their intention to use tax avoidance vehicles to the states toxic loan agency during the sales of debt portfolios Maura Hickey

Correspondence reveals certain bidders told Nama of plans to use loophole

Bidders for billions of euro worth of Nama loan books disclosed their intended use of controversial tax-minimising Section 110 vehicles to the agency during the bidding process, it has emerged.

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