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flag A Revenue report exposed a loophole in Ireland’s pension law, enabling the wealthy to avoid taxes, now fixed by recent amendments.

flag A confidential Revenue report revealed a loophole in Ireland's pensions law, allowing wealthy individuals to avoid taxes by transferring large sums into pension funds. flag The 2022 Finance Act created this issue by breaking the link between salary and pension contributions, enabling unlimited funding for family members on low salaries. flag The Revenue Commissioners have since addressed the issue with amendments in the Finance Act 2024.

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