Politician draws distinction between him and his firm
Yes, “in hindsight”. Wallace said the under-declaration of Vat was “indefensible” and he apologised profusely for it, conceding he had let people down. He said he would hand over half his €92,000-a-year Dáil salary to Revenue in a bid to repay some of the money owed. However, he continued to make the distinction between himself and his company, M&J Wallace Ltd.
“Some members of this Dáil have suggested that I should resign the seat for a mistake made by the company, M&J Wallace Ltd, before I was elected.”
