DUBLIN: Long-standing developer and South Dublin Construction founder Michael Murphy has made a €7 million settlement with the Revenue arising from its offshore assets investigation.
The latest Revenue defaulters’ list shows that 100 people and businesses paid €24.7 million in tax, interest and penalties in the first three months of this year. Mr Murphy of Highfield Road, Rathgar, Dublin, made the biggest settlement, paying €2.4 million in tax, €2.8 million in interest and €1.4 million in penalties for a total of €7 million.
The Revenue stated that the settlement was for “under declaration of income tax, VAT, capital gains tax” and was an offshore assets investigation case.
