Revenue probe 150 high rollers over offshore tax scheme

More than 150 high net worth individuals are using an elaborate offshore tax avoidance scheme to wipe massive sums off their tax bill.

Ian Kehoe - avatar

Ian Kehoe

10th August, 2014

More than 150 high net worth individuals are using an elaborate offshore tax avoidance scheme to wipe massive sums off their tax bill, *The Sunday Business Post* has learned.

A syndicate of 153 people is using the controversial tax tactic, which centres on moving complex financial instruments and dividends through secretive offshore tax havens.

The Revenue Commissioners has identified 239 separate transactions involving the scheme, which is now the subject of a wide-ranging investigation by the Irish...

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