A major Revenue crackdown on tax-avoidance schemes used by Ireland’s richest people has clawed back more than €36m for the taxpayer in the past year. The tax-avoidance team at Revenue’s large cases division has agreed settlements with a number of high-wealth individuals – defined as those with net assets greater… – Continue reading
The Department of Justice announced today that Luzerner Kantonalbank AG (Luzerner), Habib Bank AG Zurich (HBZ), Banque Heritage S.A. and Hyposwiss Private Bank Genève S.A. (Hyposwiss Geneva) have reached resolutions under the department’s Swiss Bank Program. These banks will collectively pay penalties totaling more than $25 million and continue to… – Continue reading
Former IT staff member says he and colleague ‘not comfortable’ with instruction A former member of the IT department at Anglo Irish Bank has told the trial of three of its former officers that one of them issued an instruction that certain accounts were to be removed from the bank’s… – Continue reading
Three former Anglo Irish Bank officials accused of hiding bogus off-shore accounts in an alleged tax evasion scheme were involved in helping Revenue investigate tax compliance in the bank in 2003. Day 13 of the officials’ trial heard that one of them, former Chief Operations Officer Tiarnan O’Mahoney requested that… – Continue reading
