Thursday June 4, 2020

REVEALED: how 200 high rollers are facing a tax bill of €500 million

Users of tax scheme include some of the country’s most notable business people

25th June, 2017

More than 200 high net worth individuals face the prospect of paying a combined €500 million to the Irish tax authority in interest and penalties, following a landmark court judgment.

The individuals, who include some of Ireland’s best-known business figures, used an elaborate tax scheme to wipe massive sums off their tax bills. However, it has now been ruled illegitimate by the Circuit Court.

The scheme centred on the disposal of inter-company shares, and...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 1 month ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 1 month ago

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 months ago