Tax exiles feel the heat

Revelations about Gerry McCaughey’s tax arrangements have led to further calls for the government to clamp down on tax exiles and tax avoidance schemes

Ian Kehoe - avatar

Ian Kehoe

28th March, 2009

For Gerry McCaughey, the deal must have seemed too good to be true. The award winning entrepreneur was about to net more than €30million from the sale of his business, and his tax advisers at KPMG told him they had devised a legal way for him to escape paying upwards of €4 million in capital gains tax. All McCaughey needed to do was ask his wife to move to an idyllic hamlet in Italy for...

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