Oireachtas Joint and Select Committees

Thursday, 1 June 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein)
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Mr. Cody came across examples of tax evasion in one area. He stumbled across it because of one hospital consultant. I understand completely that incorporating income is allowable, but people were going further than that and were evading tax. If it was done in this area, I think it is safe to say that this was not an outlier. It is safe to say that we could probably find similar instances in other sectors. I have given Mr. Cody one example where there are without doubt people who have multiple properties that they are letting. They are putting the profits into companies and then reducing their liability because it is incorporated. Would it be safe to say then that in these areas it is also possible that there was evasion regarding expenses as well?