R
Raul
Guest
The SBP wrote last Sunday that single premium policies at Life Offices will be next to be trawled. If true this could lead to a very serious problem. These funds until the change in 2001(?) paid retention tax at source. Everyone knew including Revenue that much business may not have been run through taxpayers accounts - hence the ad byline "Confidential", but there always was an assumption that the mexican stand-off between Revenue and the life industry was because (unlike Banks and BNRA's) retention tax was paid.
If Revenue attack these funds billions could be at risk. Whatever about going hot after offshore accounts that do nothing for the economy, the life industry is a HUGE investor in Irish Gilts, Property, PLC's AND Jobs. Is this story for real?????
If Revenue attack these funds billions could be at risk. Whatever about going hot after offshore accounts that do nothing for the economy, the life industry is a HUGE investor in Irish Gilts, Property, PLC's AND Jobs. Is this story for real?????