Monday 16 January 2017

Minister ends property vultures' feast on carrion of Ireland's bust

Published 07/09/2016 | 02:30

Michael Noonan. Photo: Frank McGrath
Michael Noonan. Photo: Frank McGrath

The death of the (property) vultures came gradually. Then suddenly.

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Last night Finance Minister Michael Noonan moved swiftly (or so it seemed) to end the feast on the carrion of Ireland's bust by the "vultures".

The so-called vultures are funds, many of which are controlled offshore, who lawfully avoided paying tax on the purchase of assets, including distressed property assets, in Ireland.

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