Priest puts €433,475 in taxman's collection plate in relation to income tax and CGT issues
Accountancy Age, 02 Dec 2009
A Cork priest has shelled out a €433,475 settlement to the Irish taxman.
Fr Tadhg O’Donovan paid the windfall amount in relation to under-declaration of income tax and capital gains tax on his extensive property interests, the Irish Examiner reported
The settlement with the Revenue Commissioners consisted of €187,447 in unpaid taxes and €246,029 in penalties and interest after a Revenue audit.
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