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Tax take from institutional property investors rose by 171% in 2020


Tax take from institutional property investors rose by 171% in 2020
Move by Revenue saw effective tax rate levied increase from 2.7% in 2019 to 17.9% in 2020
about 5 hours ago
US property investor and Capital Dock owner Kennedy Wilson holds much of its Irish portfolio in qualifying investor alternative investment funds (QIAIF).
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Institutional investors with some €18.4 billion invested in Irish property paid tax of €65.7 million in 2020, according to new figures from the Revenue Commissioners, an increase on the amount paid in 2019.
According to the figures, which break down corporation tax payments for 2020, Irish real estate funds (Irefs), which are used by property investors such as Kennedy Wilson to house their Irish portfolios, paid total withholding tax of €65.7 million in 2020, on a taxable amount of €368 milli ....

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Son of Éamon De Valera facilitated illegal adoptions through his medical practice


The programme,
RTÉ Investigates: Ireland’s Illegal Adoptions, also details how the Sisters of Charity, who ran the infamous St Patrick’s Guild Adoption Society, pursued a birth mother for maintenance payments for her daughter, long after she had actually been adopted.
Among documents obtained by one woman who was illegally adopted, Dubliner Susan Kiernan, was a demand by for £85 from her birth mother.
The fee, roughly equivalent to €3,200 today, was charged by the Sisters of Charity for a baby’s upkeep until they were adopted. When her birth mother could not afford to pay, the nuns pursued her.
A threat was made to send the child back to her. ....

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