JP McManus, the Switzerland-based businessman, has told The Sunday Independent his decision to live abroad had nothing to do with tax avoidance.
“I didn’t leave this country for tax purposes; I left because I wanted to set up a business abroad. I paid my taxes before I left the country in full. I didn’t leave to avoid paying tax or any future tax or anything like that,” he said.
“All animals are equal – but some are more equal than others”.
George Orwell’s famous truism springs readily to mind when reading the main news story in The Sunday Times, which reports the Taoiseach and some government ministers are still claiming the so-called ‘dual-abode allowance’ tax break reserved solely for senior politicians.
The Revenue owes around 70% of PAYE workers hundreds of millions of euro and would like to pay up but very few individuals ever come forward to claim it, according to The Sunday Business Post.
Ireland is one of the few EU countries that doesn’t tax visiting entertainers performing in Ireland – and now the Revenue has confirmed it simply isn’t worth doing so.
The richest people in Ireland trust their children to look after their inheritances more than their counterparts in other countries, according to a survey by Barclays Wealth reported in The Sunday Times.