Revenue challenges 'high roller' tax scheme

A syndicate of high net worth individuals is locked in a legal battle with the Revenue over a sophisticated tax avoidance scheme centred on international currency trading.

Ian Kehoe - avatar

Ian Kehoe

14th July, 2012

A syndicate of high net worth individuals is locked in a legal battle with the Revenue Commissioners over a sophisticated tax avoidance scheme that centres on international currency trading.

The Irish tax authority has challenged the legality of the scheme, which was utilised by a syndicate of 34 investors. However, the group has now appealed the Revenue's decision, and the matter is being adjudicated upon by the courts.

Details of the scheme have been obtained by...

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