03 December 2008

Revenue Commissioners recover € 24 Million

The latest list of Irish tax defaulters shows that 111 individuals and companies have made settlements with the Revenue Commissioners and paid them more than € 24 million in back taxes and penalties.

One building company, Condron Concrete from Tullamore, Co. Offaly (home county of Taoiseach Brian Cowen), has paid the Revenue Commissioners over € 8.1 million in owed tax, interest and penalties.

This is the largest recorded settlement since the Revenue Commissioners began to publish the names of tax defaulters.

However, it is only a drop in the ocean compared with a tax deficit of € 8 billion for 2008 (see yesterday's entry below) and the vast sums squandered by the senior management of FÁS out of their annual budget of € 1 billion.

As much as it is right for the Revenue Commissioners to go after tax dodgers in the private sector, it is a telling sign of double standards that wasters of large sums of taxpayers' money in the public sector are getting away with it. And if they are forced to resign - like Rody Molloy - they go home with their pockets full of good-bye money and will enjoy a princely pension for the rest of their lives.

This two-tier system with one law for the government and its minions, and another for the rest of us, needs to be abolished. One would hope that the Revenue Commissioners would support such an overdue move.

The Emerald Islander

1 comment:

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