Take nears €2.4bn in tax evasion sting
The Revenue said its investigations of those who held untaxed income in bogus non-resident bank accounts, single premium life assurance policies and its other major scams brought in €132 million in tax, interest and penalties in 2007 and more money has come in since the beginning of the year.
By the end of last month, the Revenue netted more than €860m from its probe of those who held untaxed, or “hot money”, in bogus non-resident bank accounts. Nearly two-thirds of the 12,200-plus settlements came after the Revenue’s voluntary disclosure offer ended. Those who did not avail of voluntary disclosure faced higher fines and penalties.
