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Revenue Clampdown on Consumers while Institutions don’t Suffer!

Posted on: May 18th, 2005

Next week the Revenue will begin a major investigation into undisclosed funds invested in life assurance products.

What will occur on Monday, 23 May, is now on everyone’s mind for it is on the radio every morning. Innocent people were seduced into taking out policies or doing something unawares and have been penalised in the most extraordinarily unfair way when those who seduced them are not being prosecuted.

This is a problem which we could usefully address in a debate in the House. We could have a Minister here to tell us why the Government has not taken action against these institutions while poor people who have done wrong have had to pay fines of five or six times the original sum.