Business and Finance News

Panama Papers: Irish media’s past timidity on tax avoidance/ evasion

Panama Papers & Ireland: The unfair tax system became a controversial issue in the mid 1970s in Ireland and it took almost a quarter of a century for the Irish Revenue to be entitled to declare a partial victory on massive personal tax evasion and avoidance by the wealthy and self-employed. However, then Ireland evolved as one of Europe’s top facilitators of corporate abuse of tax laws and systems and until the issue got prominence internationally in the past 3 years, the Irish media supported the status quo in ignoring the issue of tax avoidance and its distortion of the national accounts, in line with the wishes of Irish governments.

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