Email your news and story ideas to: [email protected]
Tax lawyers await hearing by court of 'public opinion'
Forthcoming regulation for the charities sector in Ireland could lead to some uncomfortable scrutiny for charities set up by lawyers for their clients.
Ireland regulations could lead to scrutiny for charities set up by lawyers for their clients. Zerbor
Sign up for our free daily newsletter
YOUR PRIVACY - PLEASE READ CAREFULLY DATA PROTECTION STATEMENT
Below we explain how we will communicate with you. We set out how we use your data in our Privacy Policy.
Global City Media, and its associated brands will use the lawful basis of legitimate interests to use
the
contact details you have supplied to contact you regarding our publications, events, training,
reader
research, and other relevant information. We will always give you the option to opt out of our
marketing.
By clicking submit, you confirm that you understand and accept the Terms & Conditions and Privacy Policy
Describing the creation of a new charities regulator, The Irish Times says ' there is one subset of charities that will give pause for thought and these are what might best be called captive charities that are used by lawyers, accountants and others to structure financial transactions tax efficiently'. It explains that these are often 'very useful' for companies which want to hold an asset 'off balance sheet'. The newspaper says that 'passing the test of public opinion' might prove more difficult for law firms which, instead of trying to help the less fortunate, are trying to help the 'promoters' of these charities. Source: Irish Times
