How do vulture funds exploit tax loopholes?

An alphabet soup of acronyms is how. And the State has vowed to do something about them

Opposition members in the Dáil have highlighted how these corporate structures have been used to great advantage by so-called vulture funds to minimise taxes on property bought at bargain basement prices in recent years

Opposition members in the Dáil have highlighted how these corporate structures have been used to great advantage by so-called vulture funds to minimise taxes on property bought at bargain basement prices in recent years

The Government’s help-to-buy and affordable childcare schemes may be dominating public debate after the budget. However, international finance types are more concerned by – and have mounted a massive campaign against – measures targeting an alphabet soup of structures that hold property acquired after the financial crisis.

SPVs, QIAIFs and ICAVs. They’re acronyms only corporate wonks could love. But they have entered the lexicon of the Dáil in recent months as Opposition members have highlighted how these corporate structures have been used to great advantage by so-called vulture funds to minimise taxes on property bought at bargain basement prices in recent years.

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