Monday 21 August 2017

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

Michael Noonan. Photo: Frank McGrath
Michael Noonan. Photo: Frank McGrath
Dearbhail McDonald

Dearbhail McDonald

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

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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