Michael Noonan urged to end vulture fund tax loopholes

Shutting off tax-avoidance measures used here by so-called vulture funds could raise enough money to end the housing crisis or eradicate child poverty.

The claim was made by Independent TD Stephen Donnelly, who calculates that up to €20bn in revenue could be targeted in future taxes if loopholes are ended.

His proposals have been submitted to Finance Minister Michael Noonan, who promised to examine them when drawing up the post-budget Finance Bill.