Saturday August 15, 2020

Revenue shuts door on building tax scams

Following a Revenue victory in a tax avoidance case involving a complex property deal, tax officials are on the lookout for similar transactions, writes Simon Carswell.

6th August, 2005

Tax planning is the professional euphemism for complicated schemes devised by tax consultants and lawyers to evade tax.

The schemes come at some cost, though, as professional advice does not come cheap. Taxofficials havebeen at pains in recent years to tell professionals and clients to avoid aggressive tax planning.

Revenue Commissioner Michael O'Grady told a conference almost two years ago that a change of attitude was needed among tax advisers who spent too much time...

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