'Incarcerated' general trader who 'binned' financial records loses €952k income tax battle

The company director — who operated an international tarmacking business across Italy, Spain, Portugal, France and Germany — ‘binned' his destroyed financial statements at the end of every year

During a raid, CAB recovered €88,740 in cash and £23,405, while €4,484 was found in possession of the trader when he was searched at a nearby Garda Station.

An ‘incarcerated’ general trader who ‘binned' his destroyed financial statements at the end of every year has lost his long-running €952,184 income tax battle with the Criminal Assets Bureau (CAB).

This follows Tax Appeals Commissioner, Andrew Feighery, upholding the €952,184 tax bill issued in 2018 to the trader of different types of goods and commodities for a 16-year period from 1999 to 2015.