Tax-News.Com Archive

Sponsored by: PEARSE TRUST
Independent advice on corporate and trust structures

ARCHIVE ROOT | TODAY'S NEWS | LOWTAX

Revenue Commissioners To Adopt Computerised System For Identifying Tax Evaders
by Jason Gorringe, Tax-News.com, London

17 October 2002

Ireland's Revenue Commissioners announced on Tuesday that a computerised risk analysis system will shortly replace the current manual processes for weeding out tax evaders.

The system, scheduled to become operational in 2003, cost around 1.4 million euros, according to reports, and was supplied by computer services group, Bull Information Systems.

However, it is thought likely that this sizeable investment in the computerised system will pay dividends in the end, as where it has been implemented in other countries, the amount of tax collected has increased - by as much as 20% in some cases.

Speaking at Dublin Castle following the signing of the contract with Bull on Tuesday, Revenue Chairman Mr. Frank Daly said: 'We are determined to use every means at our disposal to identify tax evasion. Computerised risk analysis and profiling will help us greatly to home in on those people who pose the highest risk. This new electronic analysis system is a demonstration of our on-going commitment to confronting tax evasion in all its forms'.

.

 


IMPORTANT NOTICE: THE LOWTAX NETWORK has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright THE LOWTAX NETWORK 1999 to 2009. Contact us for further information.