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The inquiry will impact on the financial affairs of hundreds of thousands of people in the state who have invested billions of euro in single premium policies. It will examine whether the money used to set up the policies had been declared for tax.
Now in the banks' case they could argue that in promoting FC they were merely assuring customers that if they so chose they could evade paying tax on interest
eh? - I strongly disagree. After all we are talking here about an enterprise based on widespread facilitation of and incitement to tax evasion. If a backstreet moneylender tried it they would probably be jailed.- a crime yes but pretty low key,
After all we are talking here about an enterprise based on widespread facilitation of and incitement to tax evasion.
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