How do you make a staggering profit from a hefty loss? For a select group of Irish high net worth individuals, the answer lay in the German bond market. It was there, 16 years ago, when some of the country’s wealthiest individuals utilised a scheme promoted by one of the country’s largest accountancy firms to drive down their tax bills through the creation of artificial losses. Confused? You should be. After all, the Revenue Commissioners has spent years unpicking the Berlin bond scheme – from raising assessments on individuals involved, to defending challenges through the tax appeals system. It is,…
Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators. Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts. Annual membership is just €200 for the first year, a saving of €100. Or try The Currency for the first month for a special introductory rate of €5, a saving of €20. Cancel at any time. To become a member today click here.
Join The Currency
INTRODUCTORY OFFER: Full annual membership for just €200.