Larry Goodman’s business empire is making increasing use of tax and financing arrangements based in Luxembourg with two of his major group companies shifting residency there over the past year. Another company, Aburg, moved from Malta to Jersey in 2017, and to Luxembourg last year. The four Goodman companies based in Luxembourg give a partial glimpse of the profitability of one of Ireland’s most valuable privately-owned businesses. The two Irish companies had net equity of €295 million (Ebolowa) and €246 million (Arlesse) last year and produced profits of €4.4 million and €560,000 respectively. Tax compliantMr Goodman has been one of Ireland’s most successful business figures for more than 40 years.

Source: The Irish Times July 02, 2019 04:41 UTC