17.7 C
Ireland
Monday, October 18, 2021

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.

-AD-

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.

-AD-

“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

POPULAR

Former US Secretary of State Colin Powell dies following Covid-19 complications

Colin Powell has died at the age of 84 following being diagnosed with Covid-19. Powell was the first Black...

School closes after more than 30 cases of Covid-19 detected

A primary school in Wexford has closed until after the mid-term break, following more than 30 cases of Covid-19 detected at the...

Over 7,500 domestic abuse charges in 2020 – Garda report

According to the Garda Annual Report, which was published today, over 7,500 charges were submitted in relation to domestic abuse in the...

CLIMATE: All-economy carbon budget proposed to tackle climate change

Chair of the Climate Change Advisory Council (CCAC) Marie Donnelly stated that a proposal will be made to the government for an...
Ireland
overcast clouds
17.7 ° C
19.1 °
16.3 °
86 %
5kmh
100 %
Mon
18 °
Tue
17 °
Wed
11 °
Thu
9 °
Fri
10 °