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VIDEO: Michael Lowry fined €25,000 at Criminal Courts of Justice


The politician and his company, Garuda Ltd, were convicted yesterday by a Dublin Circuit Criminal Court jury of two charges each of delivering an incorrect corporation tax return and failing to keep a proper set of accounts.

Judge Martin Nolan referred to Mr Lowry as a "conscientious tax payer" having accepted evidence that he previously "put his hand in his pocket" to settle a separate €1.4m tax bill, which had been owed by Garuda and dated back to 1997.

"Whatever was his motive for the 2006 actions, it was not to evade tax," said Judge Nolan, who added that "honest tax returns are very important" in terms of self-assessment of tax.

 

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