Revenue goes back to black

A resurgence of the black economy in Ireland is attracting the attention of the Revenue Commissioners, writes Emma Kennedy

2nd April, 2011

Over the last decade, the Revenue Commissioners have cast their net far and wide, with a range of special investigations to clamp down on all sorts of tax evasion and tax avoidance.

Against a backdrop of huge economic change and ongoing tribunals, the Revenue shone light on areas such as Deposit Interest Retention Tax (Dirt), Ansbacher accounts, offshore assets and undisclosed funds.

To date, the Revenue’s special investigations have yielded a total of €2.65 billion...

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