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Irish Housing Bubble

The European Court of Justice endorsed a ruling Wednesday against three developers who used artificial leases to avoid tax on the sales of 15 holiday homes in 2002, just before the burst of Ireland’s property bubble killed the Celtic Tiger.

LUXEMBOURG – The European Court of Justice endorsed a ruling Wednesday against three developers who used artificial leases to avoid tax on the sales of 15 holiday homes in 2002, just before the burst of Ireland’s property bubble killed the Celtic Tiger.

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