Friday June 5, 2020

Tax me if you can

The Revenue Commissioners are targeting Irish high rollers who they believe have avoided paying the domicile levy, writes Ian Kehoe.

1st June, 2014
The number of people declared non-resident for tax purposes has ballooned in recent years.

It’s a case of the taxman versus the tax exile. The Revenue Commissioners are circling the financial affairs of 59 high-net-worth tax exiles, as part of a probe into the conspicuously low number of wealthy individuals paying the domicile levy.

The Revenue have confirmed an “ongoing compliance programme in relation to some 59 individuals” who have not paid the €200,000 levy, despite appearing to meet the criteria.

The domicile levy was introduced in...

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