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Tue 06 Jun 2009Order should give hospital to State, not help rich avoid tax
Where is the justice in a church-run private hospital allowing rich people to avoid tax, writes FINTAN O'TOOLE
LAST WEEK, Goodbody Stockbrokers sent out a glossy prospectus to its private clients. Its aim is to arrange “a syndicate of investors to acquire a relevant interest for tax purposes in a new up to date and enlarged private hospital to be built within the grounds of Saint Vincent’s Healthcare Group (SVHG) Limited in Elm Park, Dublin 4”. The stockbrokers, for a fee of over €2 million, are looking to raise €38 million from rich investors towards the cost of building a co-located, for-profit private hospital.
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