November 9, 2022 at 8:57 AM
Three Goldman Sachs investment vehicles that bought crisis-era Irish property loans recovered more than €250 million in cash from assets last year while paying low corporate taxes, Irish Times said. reportciting their financial accounts.
- Liffey Acquisitions, which owns Belany Property Finance, Ennis Property Financer and Kenmare Property Finance, raised loan repayments and interest from borrowers, sold tranches of loans: Irish Times
- Ennis and Liffey paid no corporate tax at all, while Bertagnie paid €154,900 after using past accounting losses to reduce taxes.