News Formal

Ian Guider: Review of funds industry could open a Pandora’s box of problems

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 71%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Ten of billions of Russian assets were flowing through Dublin but that’s just a fraction of the €3.7 trillion in funds based in Ireland raising concerns among regulators

A number of years ago this newspaper revealed the tactics and strategies international investment funds had been using to minimise their corporation tax bills on the tens of billions of euro of distressed property assets and loans they scooped up.

The work by UCD School of Social Policy found that from 2014 to 2016 the state lost out on anywhere between €250 million and €350 million in revenue because of the structures used by funds ...

 

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 ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ian Guider: Review of funds industry could open a Pandora’s box of problemsTen of billions of Russian assets were flowing through Dublin but that’s just a fraction of the €3.7 trillion in funds based in Ireland raising concerns among regulators
Source: businessposthq - 🏆 8. / 71 Read more »