Thursday 27 November 2014

Ryanair silent on tax probe claims

Published 16/10/2012 | 18:48

The airline operates almost 300 Boeing 737-800 series jets, but the firm now uses a Learjet 45 executive aircraft, which is registered in the Isle of Man.

Low cost airline Ryanair has refused to comment on reports that two of its chiefs are under investigation in Italy over the company's tax affairs.

A prosecutor in the northern city of Bergamo is said to have opened an inquiry into claims that chief executive Michael O'Leary put 220 staff at Orio al Serio Airport on the books in Dublin so he could pay Irish tax rates, much lower than those in Italy.

Prosecutor Maria Mocciaro says that this cost the Italian tax authorities almost 12 million euro.

Ryanair director of legal affairs Juliusz Komorek is also under investigation, the reports said.

A Ryanair spokesman said: "Ryanair does not comment on rumour or speculation and will continue to observe EU tax laws."

Press Association

Promoted articles

Read More

Promoted articles

Editors Choice

Also in this section