Investors fail to collect €337m in tax refunds

Irish investors have failed to collect €337 million they are owed in tax refunds from overseas share and bond transactions, a leading tax reclamation expert has said.

3rd June, 2006

Irish investors have failed to collect €337 million they are owed in tax refunds from overseas share and bond transactions, a leading tax reclamation expert has said.

Stephen Everard, managing director of tax specialist Goal, said the amount of withholding tax from overseas tax authorities owed to Irish investors has more than doubled in the past three years because of the huge expansion of trade being executed out of Dublin.

‘‘A lot of major companies,...

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