Tuesday 15 October 2019

Irish millionaires under Revenue investigation for non-payment of 'wealthy tax'

There are 93 open cases involving 63 individuals currently being investigated
There are 93 open cases involving 63 individuals currently being investigated
Louise Kelly

Louise Kelly

An investigation has been launched by the Revenue Commissioners into scores of Irish millionaires suspected of not paying the domicile levy.

Some 63 wealthy individuals have come under scrutiny for not paying the €200,000 charge which was introduced in the 2010 Budget.

According to documents seen by RTE's Morning Ireland, a compliance programme was set up this year by the Revenue to screen for those liable to pay the fee between 2010 and 2012.

The levy originated four years ago amid concern that high net worth individuals were not paying their fair share of tax.

This high net worth is defined as having a worldwide income of €1 million, a tax liability of less than €200,000 and an Irish property greater in value than €5m.

RTE's early morning radio show obtained the records through a Freedom of Information (FOI) request.

Out of 256 cases of non-payment intially identified, there are 93 open cases involving 63 individuals currently being investigated.

Since the levy was introduced in 2010, the amount of €9,828,683 has reportedly been collected from 31 individuals.

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