Regulations needed within Irish financial system

  • 22 August 2007
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I read with disgust in the media yesterday (Tuesday 21 August) that a private investment company can make over €7.99 million and only pay €250 in tax.


This sums up, all that is wrong with our society and the continued lack of regulation in these organisations by the Government and the Central Bank.

The fact is, that the Irish Financial System is not interested in how these and many other companies make their money as long as they don't go "belly up".
With all that has gone wrong over the last twenty years, one would think that regulations would be in place to ensure fiscal propriety among everybody and the proper paying of taxes.