Vulture funds in fight with state over tax crackdown

Government squares up to lobbying by funds; Budget deal sealed after last-minute call ; Fiscal space to tighten as Brexit bites

The government is prepared to ignore intense lobbying from the property industry and slap special tax-avoiding vehicles with hefty bills, no matter when they were set up, The Sunday Business Post can reveal.

Property funds have been doing battle in recent weeks with the Department of Finance in an effort to ensure any changes will only apply to companies established after reforms are introduced. This would prevent them coughing up huge sums for ...