Revenue Commissioners probe pension transfers
Ireland’s biggest pension trustee company ITC is betting on growth in the controversial area of overseas pension transfers, which the Revenue Commissioners believes may have been used by retirement savers to avoid tax.
The practice came under scrutiny this month after a Revenue statement reminded the pensions industry that such transfers were still liable for Irish income tax.
Revenue figures have shown that since they started collecting data on this practice in the...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures