A new ruling details how the Tax Appeals Commission shot down emergency provisions introduced in Budget 2020 to tax share cancellations schemes. The appeals body is asserting far-reaching new powers, but Revenue is preparing its revenge in court.
Following an appeal against the Criminal Assets Bureau, an Irish national who makes a living travelling the world to buy and sell collectable coins has now challenged tax residency claims made by two successive countries.
Thousands of farmers in the co-op at the origin of Kerry Group were targeted by the tax authority over the status of so-called patronage shares. A new landmark case has revealed how the probe came unstuck.
The principle established in this pathfinder case – that a retiring partner can make tax-efficient arrangements to exit the firm – will have implications for hundreds of partnerships around the country.
A major accountancy firm paid older partners to leave and clear the way for new talent. However, in a dispute that has implications for hundreds of other partnerships, Revenue is challenging the tax status of the payments. A High Court case looms.
What are the corporate cut-outs used by rogue businesses to launder green diesel? Drawing from official documents and real-life cases, we describe the operation and the finances of the diesel laundering industry.
The paperwork said you were not entitled to get your money back. But it did not matter as investors were poised to benefit from huge tax losses. Today, we reveal how one of the most audacious Irish tax schemes worked – and how it came unstuck.
An Irish businessman challenged an assessment by the Revenue Commissioners on a hefty pension distribution, claiming that he was living in Malta and had no home available to him in Ireland.
The Currency’s new tax columnist Eoin O’Shea went through cases decided by the body dealing with taxpayer appeals against Revenue decisions, and was reminded of this verse by Robert Burns: “The best-laid schemes o’ mice an’ men, gang aft agley.”
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