Fine Gael TD slams Revenue for ‘red tape gone mad’

Fine Gael TD slams Revenue for ‘red tape gone mad’

Lawyers, accountants and estate agents are being forced to post almost 10,000 suspicious transaction reports to the Revenue Commissioners in an example of “red tape gone mad”.

Since last year, the Gardaí have had a new online system for reporting all transactions which may involve money laundering, tax evasion, social welfare fraud or terrorist financing.

But the Revenue does not have a similar online system for professionals such as lawyers, accountants and estate agents who are...

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