I suspect that the majority of the evasion is done by the investors who have one or two properties. The big guys have no need to do this with section 23's etc to white off their potential liability.umop3p!sdn said:I suspect that tax evasion is rampant in Ireland. Problem is that if the goverment starts cracking down on dodgy property investors, it wont do much for the price of property.
and solicitors, and doctors and teachers who give grinds and shop keepers and car dealers and anyone and everyone else who has a cash or part cash business.umop3p!sdn said:Another area where tax evasion seems to happen is tradesmen.
bearishbull said:look at yer man lowry reelected after being found guilty of tax evasion etc..
and solicitors, and doctors and teachers who give grinds and shop keepers and car dealers and anyone and everyone else who has a cash or part cash business.
Not exactly true - btw the expression is still in common use internationally in contexts that have absolutely nothing to do with tax evasion.Eurofan said:Rampant does seem to be the word doesn't it. When i was growing up it used to be said "Cash is king" with the obvious 'benefits' of tax evasion.
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Cash is king is an expression sometimes used in analyzing businesses; it refers to the importance of cash flow in the overall fiscal health of the business. The phrase has sometimes appeared in Motley Fool articles and commentaries. For example, if a company has a large amount of account receivables, its balance sheet will give the appearance that the company is increasing equity, but the company can still be short on cash with which to make purchases, including paying wages to workers for labor.
Glenbhoy said:Th building trade in general is pretty bad, the main culprits are all the 'self employed' subbies.
Eurofan said:Nothing seems to have changed and i know some of the most upstanding and honest business owners who deal even partly with cash who don't give a second thought to the 'fiddle'.
Dunno if it is widespread enough to be described as common practice, but only a fool would deny that it happens.Glenbhoy said:Fair point Ubiquitous, however is it not still common practice for subbies to be paid a portion of the money owed to them in cash? .
The justification for that is that it's not your responsibility to ensure the person you pay pays their tax. That said from an ethical point of view I agree with you.conor_mc said:Having said that, we all turn a blind eye when we get a couple of grand knocked off a car cos we're paying cash, or save ourselves 20 or 30 quid when we pay the plumber/electrician/etc in cash.
We all know why its cheaper to pay cash - we're just splitting the difference with the businessman/tradesman.
Purple said:The justification for that is that it's not your responsibility to ensure the person you pay pays their tax. That said from an ethical point of view I agree with you.
beattie said:Do the revenue follow up when they get a report of a landlord not paying tax? I remember talking to a few non-irish residents who reported their landlord for not paying tax (they had requested the landlords pps # to claim their rent relief but were refused it). Two years later she was still renting to non-nationals so it would seem (from afar) that she wasn't tax compliant
Howitzer said:This is the thing with reporting someone to the revenue, if you're looking for some sort of instant retribution it just won't happen.
Every day that this person is not tax compliant is a bigger fine and an extra days interest. The renvenue are quite happy to let people dig themselves into a hole and just continue to gather evidence until they've a cast iron case.
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