Finance Minister needs to strike delicate balance or risk derailing recovery
Published 10/10/2016 | 02:30
It's difficult to sympathise with the overseas property and private equity funds who acquired distressed Irish property assets, from commercial real estate and retail jewels to family homes, without paying any tax.
They have been able to do so through a series of entirely lawful tax structures meticulously set up by successive governments to make Ireland one of the best financial services centres in the world.
By that measure, laws such as S110 of the Taxes Consolidation Act 1997 - the cornerstone of Ireland's debt securitisation regime - have been a remakable success.