Controversies rooted in offshore world

The ongoing furore over the operation of Dublin Waterworld has its origins in companies being located in international tax havens.

6th August, 2005

Irish taxpayers and shareholders have good reason to be suspicious of deals involving mysterious offshore entities. Some of the major public controversies of the last 15 years have erupted after questions were raised about whether taxpayers and shareholders got best value from deals involving companies located in well-known international tax havens.

One of the major scandals of the early 1990s erupted when it emerged that a number of managers in the state-owned Irish Sugar Company had...

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