Tax advisers face a nervous summer as they wait for the Revenue Commissioners to finalise details of new rules aimed at flushing out the use of tax loopholes.
The new rules, expected to take effect in September, will require accountants and tax specialists to automatically tell the Revenue whenever they develop and market a structure that manages to reduce or eliminate their clients’ tax bills.
So-called ‘tax avoidance’ transactions have been a routine feature...
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