The state is losing out on billions of euro in tax revenue thanks to boomtime losses built up by banks and property developers, the Revenue Commissioners has confirmed.
According to figures released by Revenue, companies in the financial services and construction sector managed to avoid paying €1.24 billion in tax during 2014.
They were able to do this by utilising the massive losses they accumulated during the property crash to offset tax on the profits they...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team