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Sunday, January 16, 2022

Varadkar commits to closing loopholes that allow people to conceal assets

Tánaiste Leo Varadkar has said the Government will close any loopholes that allow people conceal their assets.

The so called ‘Pandora Papers’ were released yesterday, highlighting the wealth and dealings of countless world leaders.

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The released files show that countless top world leaders have a huge level of wealth and many are using legal loopholes to further expand their wealth and avoid taxes.

Varadkar was asked about the papers today, and he replied by saying he only seen them this morning and this is a “matter of concern”.

“We don’t want to be part of any supply chain where people conceal assets,” he said.

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“We don’t want any part of it”.

“If we need to make changes, close loopholes, we will do that,” he continued.

He said changes could be made in the Finance Bill on Budget Day that would end such activity taking place in Ireland.

IMAGE – PA Images

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