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Tuesday 25 July 2017

Tax inspectors to attend Prince gig in ‘black economy' probe

Independent.ie reporters

A dozen tax inspectors will join the crowds attending this weekend’s Prince concert.

They will focus on stall operators and their employees about their taxes while up to 30,000 Prince fans at Malahide Castle in north Dublin.



Revenue is targeting the black market or cash businesses as part of an investigation into its growth during the recession.



Similar probes have been carried out at Slane, Oxegen and Electric Picnic as well as sports events.



“In our experience, one of the biggest risks is the suppression of sales and under-declaration of income and profits,” a revenue tax spokesman said.



Earlier this week Prince promised Irish concert goers a special experience after he cancelled this Croke Park date three years ago.



The cancellation cost him €2.2m.

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