Dáil committee to seek higher tax for vulture funds

The Dáil’s budgetary oversight committee is to ask Revenue to see if so-called vulture funds can be slapped with higher tax rates.

The request comes after media reports which showed that some vulture funds were using charity status to avoid paying tax, with one company paying just €250 off multimillion-euro revenues.

The matter was discussed at a private meeting of the cross-party committee of TDs, which is tasked with forming an opinion on the budgetary options, ahead of the budget in October.