Revenue appeals €9m Harris tax-breaks decision
The Revenue Commissioners have appealed the Appeal Commissioner's decision that millionaire developer Robert "Pino" Harris is entitled to a payout of €9m in tax breaks as a result of his expenditure in a venture to operate luxury high-class yachts.
The case, before Ms Justice Mary Laffoy in the High Court today, arose after Mr Harris, in the income tax year to April 5, 2001, claimed certain income tax reliefs arising from his status as a member of a limited partnership registered under the law of the Cook Islands, the Christina O Limited Partnership.