The latest determination published by the Tax Appeals Commission (TAC) on Wednesday may be its highest-stake one to date. The dispute between a taxpayer and the Revenue Commissioners over the imposition of stamp duty on a share cancellation scheme in October 2019 affect some of the most high-profile corporate deals of the past two years. Hundreds of millions of euros are at stake, representing over one third of the Exchequer’s total stamp duty take last year. The document runs to 82 pages. “The multi-faceted nature of the appeal, the response and the debates that ensued (which included interpretation of the…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .