‘Secrecy jurisdiction’ and tax haven companies to build 8,400 homes here

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 71%

United States News News

United States United States Latest News,United States United States Headlines

Foreign-based property firms controlled by mystery shareholders plan to construct large apartment blocks for the rental sector.

Companies in “secrecy jurisdictions” and tax havens, where shareholders’ identities are concealed, have lodged plans to build more than 8,000 homes in Ireland during 2022 alone, an investigation by the Business Post has found.

The property firms, controlled by mystery shareholders in Luxembourg, the Isle of Man, Guernsey and the British Virgin Islands, were behind more than a fifth of large-scale housing applications submitted to An Bord Pleanála since January.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US

United States United States Latest News, United States United States Headlines