Former Aughnish chair says negligent advice led to €3.3m back-tax bill

Aughinish alumina on the Shannon Estuary, Co Limerick. Picture: Dan Linehan

A former chairman and managing director of aluminium manufacturer, Aughinish Alumina in Limerick, claims negligent advice from his tax adviser led to him facing a bill for €3.3m in back taxes, interest, and penalties.

Damien Clancy is suing Kennelly Tax Advisers Ltd, Mespil Road, Dublin, over advice it gave to him telling him he could avail of what is known as “transborder relief” whereby he was told he would not be liable on his international earnings.