Head of Irish Revenue Commission Says New International Enforcement Cooperation Will Facilitate Successful Prosecution of Tax Criminals

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Wednesday, January 1, 2003
Author: 
Bruce Zagaris
Volume: 
19
Issue: 
1
6
Abstract: 
In a speech delivered November 20, 2002, Frank Daly, the Irish Revenue Commissioner, promised that international tax enforcement cooperative developments would enable the Irish Revenue Commission to investigate and prosecute tax criminals. He also vowed not to ease his prosecution efforts. Mr. Daly warned that delinquent taxpayers should not continue in their delinquency in the hopes that either the Revenue will start another amnesty, or that special teams investigating bogus non-residents account schemes, Ansbacher cases, and Flood tribunal-related cases will simply give up. He warned that for the revenue to surrender would be a betrayal of the businesses who have a right to a level playing field, a betrayal of the citizens for whom tax revenue provides basic services, and a setback to Revenue?s own credibility. According to Daly, the Irish Revenue was obtaining very good results from tax evasion investigations, citing the increased powers to access financial records afforded by the Finance Act of 1999, international developments towards greater information exchange, and an internal reorganization as the three major factors behind the high success rate. The increased powers of Revenue and the developments on the international scene are complementary because, when combined, they begin to eliminate hiding places for money or funds on which tax has not been paid and such places are a prerequisite to successful large scale tax evasion.