NEWS: Murray Consultants hit embarrassment of taxes

A top Irish PR firm, which helped publicise the introduction of a new income tax self-assessment system, has been caught by the country’s Revenue Commissioners for arrears of pounds IR1 million (pounds 970,000).

A top Irish PR firm, which helped publicise the introduction of a new

income tax self-assessment system, has been caught by the country’s

Revenue Commissioners for arrears of pounds IR1 million (pounds

970,000).



Eight years ago the Revenue Commissioners paid Dublin-based PR firm

Murray Consultants pounds IR88,000 (pounds 85,500) to handle the launch

of the self-assessment system, under which individuals calculate their

own tax liabilities but are subject to random checks by the taxman.



Now it has been revealed that the company’s three principal directors -

Joe Murray, Jim Milton and Terence Horgan - have had to pay pounds IR1

million in back taxes for fees held in an offshore account.



The three have refused to comment publicly on the affair but have let it

be known that the fees related to work which each of them had undertaken

on a personal basis for foreign clients over a period of 11 years.



The tax arrears settlement - made through a Panamanian registered

company - is one of the largest of recent years. Its disclosure is a

major blow to the firm whose clients include millionaire Irish

businessman Dr Tony O’Reilly.



The issue will be raised in the Irish parliament this week. Former

government minister Desmond O’Malley, plans to ask why the three were

not named individually in the list of settlements published regularly by

the Revenue Commissioners, as happens with others who have had tax

arrears.



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