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I guess it would only be damaging to those businesses who have been evading their taxes, and I'm not going to lose any sleep over them.is this damaging to 'certainty' required by business going forward?
Caveat Emptor - If you don't want to take this risk, don't buy a company or structure the legalities of the purchase so that someone else bears the risk.(1) innocent individuals or companies who buy or invest in companies with concealed "tax issues". Even the best due diligence and indemities in the world might not have much practical effect in 15 or 20 years time
What goes around, comes around. Given the role of the banks & mortgage companies in encourage a culture of tax evasion in Ireland, I'd find it hard to lose any sleep over this.(2) banks, mortgage companies or others who lend to individals with such "tax issues" who might find themselves insolvent or bankrupt because of this a decade or two hence.
Given that the Irish banks have survived the taxation and other scandals of recent years without any material effect on their share prices, I don't think this is much of a real issue.(3) innocent shareholders in (1) or (2)
And how is a person ment to know this???If you evade tax, it is your problem. If you work for a company that has a culture of tax evasion, you may get hurt.
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