Revealed: How vulture funds paid €20k in tax on assets of €20bn
State has lost out on between €250 million and €350 million a year in tax revenues since 2014
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 2014. This...
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