Thursday 18 January 2018

Fiona O'Shea: Wallace's frank admissions could lead to prosecution

Wallace's admission on tax declaration has muddied the waters surrounding his company's case, writes Fiona O'Shea

The only reason the airwaves are buzzing with talk of whether or not Mick Wallace should be prosecuted for VAT evasion is because he said, publicly, that he had knowingly made a false declaration to the Revenue in order to save his company, MJ Wallace Ltd, which he believed to be insolvent.

Speaking ahead of the publication of Revenue's Defaulters' List, due next week, Wallace was obviously trying to manage the publicity his company's appearance on that list is bound to attract to himself and his company's Italianate principality on Dublin's Ormonde Quay.

If the company is on the list, then his name will also presumably be there as director.

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