Time to blow the whistle on the Double Irish

Time to blow the whistle on the Double Irish
The contrast between the Revenue's treatment of royalties in the multinational sector with that of the SME sector is stunning.

Revenue is getting tough with SMEs, but it should equally be targeting multinationals which use this country as a vehicle for paying no tax, writes Dermot Byrne.

There seems to be not one whistleblower in the Revenue or the Big Four accounting firms. If any of them had a Sergeant McCabe or Garda Wilson then they might tell us that the state has lost millions in tax with bogus royalty payments in the multinational sector. The loss of state income in penalty points was about €7 million or so, but this is only a drop in the ocean compared to the state losses via the Double Irish' arrangements.

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