(The Irish Times) Davidson Kempner, one of the world’s biggest hedge funds with assets of more than $25 billion, uses Ireland as a hub to domicile distressed loans linked to assets all over the world, paying almost no corporation tax across its byzantine Irish structure.
A slew of Dublin-registered companies linked to the firm have filed accounts in recent days. Most operate as special purpose vehicles (SPVs), opaque tax-efficient structures designed to keep taxable profits to a minimum, while holding the often risky assets off the balance sheet of the group.
