cerberus tax

US vulture fund Cerberus Capital is facing fresh scrutiny over allegations that its massive spending spree on toxic loans from the Government was fuelled by tax-avoidance schemes.

MPs are are once again preparing to debate on whether the secretive US outfit, "Cerberus" which bought £13 billion of toxic Northern Rock loans in 2015, lawfully reduces its tax bill to help outbid rivals to buy distressed loans.
The debate, which is scheduled for later this month, has been organised by the MP George Kerevan, a member of the influential Treasury Select Committee.
Kerevan said: “When Cerberus buys distressed assets, it often uses money from one of its many offshore divisions and there is a clear question here about tax avoidance.
 
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