TD for Wicklow and East Carlow. Fighting for job creation, economic justice and political reform.

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Posts tagged "Vulture Funds"
Time to Tax 'Vultures' Like the Rest of Us

Time to Tax ‘Vultures’ Like the Rest of Us

Closing down tax avoidance by large investors is part of the difference between the State having, and not having, enough money to invest in public services and infrastructure for the next decade. And to that end, the latest Project Eagle accounts tell us three important things. First, they vindicate the Comptroller and Auditor General’s (C&AG)...
Why would a so-called vulture fund be owned by a children's charity?

Why would a so-called vulture fund be owned by a children’s charity?

Why would a so-called vulture fund be owned by a children’s charity? Why would the children’s charity list the Temple Street Children’s Hospital as one of their ‘Foundation Partners’…when Temple Street then say on national radio that they’re not? And then there was Fergus Finlay on today, saying Barnardos shouldn’t be listed either, referencing children...
Finance Bill Could Turn Commercial Property Bubble into next Crash

Finance Bill Could Turn Commercial Property Bubble into next Crash

Analysis by Stephen Donnelly TD, released today, provides new evidence that Dublin is in the throes of a new bubble in commercial property. This means higher rents for businesses across the capital, which are increasingly being paid to institutional foreign landlords who will now be able to operate in Ireland tax free. It means higher...
Finance Bill Means Commercial Landlords Could Soon Be Completely Tax Free

Finance Bill Means Commercial Landlords Could Soon Be Completely Tax Free

Stephen Donnelly, Independent TD for Wicklow and East Carlow has raised serious concerns that changes announced in this month’s Finance Bill will lead to large domestic and foreign commercial landlords operating completely tax free in Ireland. This would lead to higher rents for families and businesses, bigger mortgages, less public money for investment in services...
Donnelly Submits €20BN Proposal on Vulture Funds

Donnelly Submits €20BN Proposal on Vulture Funds

Stephen Donnelly, TD for Wicklow and East Carlow, has submitted a detailed proposal to target €20bn in future avoided taxes. Many so-called vulture funds are using a tax avoidance mechanism called Section 110 to pay almost zero Irish taxes on billions in profits. The matter has been highlighted by Deputy Donnelly over several months, and...
Why I Had No Option but to Leave the Social Democrats

Why I Had No Option but to Leave the Social Democrats

I’m writing today about what the State needs to do to secure in the region of €10bn to €20bn in potentially lost taxes from the so-called vulture funds. However, I would first like to comment briefly on my decision to resign from the Social Democrats. Having vested so much in the party, and worked with...