Bur­ton blasts vul­ture fund tax loop­holes

Irish Daily Mirror - - NEWS - BY ALIBHE DALY

TAX loop­holes be­ing made for greedy vul­ture funds have been branded a dis­grace by the Labour Party.

Fi­nance spokesper­son Joan Bur­ton was speak­ing in re­sponse to rev­e­la­tions show­ing Min­is­ter Pas­cal Dono­hoe’s fail­ure as ma­jor­ity share­holder of Per­ma­nent TSB.

This means more than 6,000 dis­tressed mort­gages are be­ing sold and it looks likely a tax loop­hole has been cre­ated so they will not pay the levies that would be nor­mally due.

Ms Bur­ton said: “This is yet an­other ex­am­ple of the pub­lic los­ing out to banks, de­vel­op­ers and vul­ture funds.

“This sell-off is the le­gal and moral re­spon­si­bil­ity of Min­is­ter Pas­cal Dono­hoe.”

OUT­RAGED Joan Bur­ton

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