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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