The Revenue Commissioners raised 8.2 million in taxes from Ansbacher Cayman and Hamilton Ross in relation to their business activities here in the period from the early 1970s to 1997, the tribunal heard.
Revenue officer Paddy Donnelly told Jacqueline O'Brien SC, for the tribunal, that the Revenue decided that Ansbacher Cayman had run a business here during the period by way of an agent, the late Des Traynor. He said the Revenue had negotiated payments with Ansbacher agreeing in 2003 to pay €7.5 million and, two years later, Hamilton Ross paying 700,000.
