Revenue gets new European powers
The Revenue Commissioners were given new powers last week to carry out investigations on behalf of tax authorities in other EU countries.
A tax authority in any EU member state must now pass on correspondence received from an authority in another member state to anyone who owes tax to that member state. “The new rules will have far-reaching implications,” said Brian Keegan, head of tax with the Institute of Chartered Accountants of Ireland (ICAI). “They will make it much easier for tax authorities in other countries to pursue taxpayers across Europe.”
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