New proposals for regulator in Ireland

The body has been proposed by the Dial’s Public Accounts Committee after it undertook hearings into the widespread evasion of Deposit Interest Retention Tax(DIRT) using bogus non-resident accounts.

A further 80 recommendations have also be presented including tighter controls in relations between accountants and the companies which they audit.

More on DIRT: Irish auditors could be forced to drop clients every five years

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