Seven 'household name' tax exiles being closely investigated by the Revenue

[PaddyJoe]

Prime Time this evening had a short piece by Ian Keogh which claimed that seven very wealthy individuals who claim tax exile status are being investigated by the Revenue.
The implication seemed to be that they are not observing the rules on how many days can be spent in Ireland.
Lenihan brought in a measure which it was expected would earn 200k a year from each person enjoying this status.
So far only 10 people have signed up for it.
Apparently there are 8,493 individuals who claim some form of tax exile status and of these 43 are classed as 'super wealthy'
Keogh, I think, said that these seven cases were currently at the appeals stage.
I wonder if the Appeals commissioner is still Bertie's brother in law?

Prime Time link.
Segment starts at 27 minutes
http://www.rte.ie/player/#!v=1139246

[Dr. FIVE]

Pointless reporting this imo. Results are news, telling us revenue are doing their job is not.

[PaddyJoe]

Pointless reporting this imo. Results are news, telling us revenue are doing their job is not.

It seems to pop up around once or year or so. A cynic might think that it's an exercise in placating the natives for another few months.
When I see that seven individuals have settled with the Revenue for particular sums I might believe that there is actually some substance to the story.

[Dr. FIVE]

Commercial sensitivities would be raining down upon us if someone was looking for this story.
The fact RTE appears with it from nowhere...

[PaddyJoe]

"Documents obtained by Prime Time.." "Sources said"
Official leak.

[PaddyJoe]

Ian Keogh mentioned the Gaines-Cooper case:

Mr Gaines-Cooper, who made his fortune from renting out jukeboxes in the 1960s, is being pursued for taxes relating to the period 1992-2004.
He argued that since he left Britain for the Seychelles in 1976, he has obeyed the rule that gives non-resident status and tax benefits to anyone who spends less than 90 days a year in the country.
However, High Court and Appeal Court judges ruled he had not made a "clean break", citing a family house in Henley-on-Thames, a UK-based collection of classic Rolls-Royces and trips to Ascot.

http://www.telegraph.co.uk/finance/p...s-at-risk.html

[gfmurphy101]

Brilliant journalism by RTE .......They give ten minutes at the butt end of a programme to this.....but will devote entire editions of Frontline and other programmes to alleged social welfare fraud! They might even chase said alleged welfare offenders with a camera down the street but they won't even name the tax exiles. I have also not seen a programme on tax evasion/avoidance by the wealthy, probably merited seen as there was over 300 million euro retrieved last year from tax dodgers!