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Growing wealth

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    #242
    AndrewJRenko
    Registered Users Posts: 28,401 ✭✭✭✭AndrewJRenko


    Uncle Charlie wrote: »
    How ?

    Are you saying there is an unmarked car outside my house watching my movements 24/7 ?

    They have probably the largest IT team in the country with the best resources and a national and international reputation.

    It's not hard, for example, to look at who is spending on cars at a level out of whack with their declared income.


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    #243
    ToddyDoody
    Registered Users Posts: 4,421 ✭✭✭ToddyDoody


    Mad_maxx wrote: »
    Let's say a great aunt died and left you a million euro, could you retire and having put the money to work, live off it?

    If so, what would you do with the money - where would you invest it?


    Idea stems from stories you read about people who either build up enough of a nest egg to retire early, replace great aunt with won it on the 3.10 @ Cheltenham if you prefer.

    I always says philanthropy, never believing I'll have to put my money where my mouth is.


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    #244
    Uncle Charlie
    Banned (with Prison Access) Posts: 200 ✭✭Uncle Charlie


    AndrewJRenko wrote: »
    They have probably the largest IT team in the country with the best resources and a national and international reputation.

    It's not hard, for example, to look at who is spending on cars at a level out of whack with their declared income.




    I wouldn't spend more than 10k on a car so they wouldn't be coming after me for buying a car.


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    #245
    AndrewJRenko
    Registered Users Posts: 28,401 ✭✭✭✭AndrewJRenko


    Uncle Charlie wrote: »
    I wouldn't spend more than 10k on a car so they wouldn't be coming after me for buying a car.
    Grand so, everything will definitely be fine for your tax evasion plan. You're definitely smarter than all the other folks who appeared on the defaulters list last quarter, and the quarter before that, and the quarter before that.


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    #246
    ToddyDoody
    Registered Users Posts: 4,421 ✭✭✭ToddyDoody


    AndrewJRenko wrote: »
    Grand so, everything will definitely be fine for your tax evasion plan. You're definitely smarter than all the other folks who appeared on the defaulters list last quarter, and the quarter before that, and the quarter before that.

    Don't read those, you'll only upset yourself.


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    #247
    ytpe2r5bxkn0c1
    Closed Accounts Posts: 32,688 ✭✭✭✭ytpe2r5bxkn0c1


    Uncle Charlie wrote: »
    I wouldn't spend more than 10k on a car so they wouldn't be coming after me for buying a car.

    All that wealth is wasted on you.


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    #248
    runawaybishop
    Registered Users Posts: 9,500 ✭✭✭runawaybishop


    Uncle Charlie wrote: »
    How would the Revenue know how I spend my cash ?


    Like if I went out every night on the town and spent a few hundred quid every night 7 days a week. The Revenue would have no way of picking up on that.

    They'd know because someone will tell them.


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    #249
    Uncle Charlie
    Banned (with Prison Access) Posts: 200 ✭✭Uncle Charlie


    AndrewJRenko wrote: »
    Grand so, everything will definitely be fine for your tax evasion plan. You're definitely smarter than all the other folks who appeared on the defaulters list last quarter, and the quarter before that, and the quarter before that.


    Some of them on the list are just thick. I read about one guy who was putting his undeclared money into a bank account, no wonder he was caught.


    They wouldn't catch me because I'd be living "off the grid".


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    #250
    dxhound2005
    Registered Users Posts: 20,507 ✭✭✭✭dxhound2005


    Uncle Charlie wrote: »
    Some of them on the list are just thick. I read about one guy who was putting his undeclared money into a bank account, no wonder he was caught.


    They wouldn't catch me because I'd be living "off the grid".

    The travellers are living off the grid, but you know a lot about them.


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    #251
    AndrewJRenko
    Registered Users Posts: 28,401 ✭✭✭✭AndrewJRenko


    Uncle Charlie wrote: »
    Some of them on the list are just thick. I read about one guy who was putting his undeclared money into a bank account, no wonder he was caught.


    They wouldn't catch me because I'd be living "off the grid".
    Yeah, no-one in Revenue has ever thought about that possibility. You're definitely on the pig's back there.


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    #252
    Uncle Charlie
    Banned (with Prison Access) Posts: 200 ✭✭Uncle Charlie


    AndrewJRenko wrote: »
    Yeah, no-one in Revenue has ever thought about that possibility. You're definitely on the pig's back there.


    They may think about it but its almost impossible to go after someone who lives on cash with no fixed address.

    Otherwise the revenue would be going after beggars and homeless people.


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    #253
    Bobeagleburger
    Registered Users Posts: 45,265 ✭✭✭✭Bobeagleburger


    Uncle Charlie wrote: »
    They may think about it but its almost impossible to go after someone who lives on cash with no fixed address.

    Otherwise the revenue would be going after beggars and homeless people.


    Doubt it. It'd hardly be worth their while I'd imagine...


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    #254
    Uncle Charlie
    Banned (with Prison Access) Posts: 200 ✭✭Uncle Charlie


    6 wrote: »
    Doubt it. It'd hardly be worth their while I'd imagine...




    That guy AndrewJRenko sounds like he works for Revenue.


    I know loads of people who work in the black economy who have never come to the attention of Revenue.


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    #255
    AndrewJRenko
    Registered Users Posts: 28,401 ✭✭✭✭AndrewJRenko


    Uncle Charlie wrote: »
    They may think about it but its almost impossible to go after someone who lives on cash with no fixed address.

    Otherwise the revenue would be going after beggars and homeless people.

    So just to be clear, that's your advice to the OP - go off the grid and live out of a van or something to evade tax?


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    #256
    AndrewJRenko
    Registered Users Posts: 28,401 ✭✭✭✭AndrewJRenko


    Uncle Charlie wrote: »

    I know loads of people who work in the black economy who have come to the attention of Revenue.

    Yes, you're right - there are loads of them published in the quarterly list of Revenue defaulters


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    #257
    dxhound2005
    Registered Users Posts: 20,507 ✭✭✭✭dxhound2005


    Uncle Charlie wrote: »
    That guy AndrewJRenko sounds like he works for Revenue.


    I know loads of people who work in the black economy who have come to the attention of Revenue.

    How did you find out about them?


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    #258
    Uncle Charlie
    Banned (with Prison Access) Posts: 200 ✭✭Uncle Charlie


    AndrewJRenko wrote: »
    Yes, you're right - there are loads of them published in the quarterly list of Revenue defaulters


    I meant to say never.


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    #259
    dxhound2005
    Registered Users Posts: 20,507 ✭✭✭✭dxhound2005


    Uncle Charlie wrote: »
    I meant to say never.

    Loose talk leads to Revenue investigations. If they are telling you about how they are evading tax, you are not going to be the only one who knows about it. Someone else will report them.


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    #260
    Uncle Charlie
    Banned (with Prison Access) Posts: 200 ✭✭Uncle Charlie


    dxhound2005 wrote: »
    Loose talk leads to Revenue investigations. If they are telling you about how they are evading tax, you are not going to be the only one who knows about it. Someone else will report them.




    Anyone who did report them would suddenly find that their legs don't work.


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    #261
    dxhound2005
    Registered Users Posts: 20,507 ✭✭✭✭dxhound2005


    Uncle Charlie wrote: »
    Anyone who did report them would suddenly find that their legs don't work.

    It is an anonymous process. Their legs will be perfectly safe, unless they tell you what they did.

    https://www.welfare.ie/en/Pages/secure/ReportFraud.aspx


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    #262
    AndrewJRenko
    Registered Users Posts: 28,401 ✭✭✭✭AndrewJRenko


    Uncle Charlie wrote: »
    Anyone who did report them would suddenly find that their legs don't work.

    Is that another requirement for the OPs new life off the grid - must be prepared to carry out criminal, violent assaults to protect this web of secrecy around your life?

    You're not doing a great job at promoting 'off the grid' as a sensible, practical option for people.


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    #263
    Mad_maxx
    Registered Users Posts: 13,505 ✭✭✭✭Mad_maxx


    AndrewJRenko wrote: »
    Uncle Charlie wrote: »
    Anyone who did report them would suddenly find that their legs don't work.

    Is that another requirement for the OPs new life off the grid - must be prepared to carry out criminal, violent assaults to protect this web of secrecy around your life?

    You're not doing a great job at promoting 'off the grid' as a sensible, practical option for people.

    OP here. If i opened this thread from the North Pole, it's now below living with the penguins in Antarctica.

    Can't be bothered contributing anymore


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    #264
    Uncle Charlie
    Banned (with Prison Access) Posts: 200 ✭✭Uncle Charlie


    AndrewJRenko wrote: »
    Is that another requirement for the OPs new life off the grid - must be prepared to carry out criminal, violent assaults to protect this web of secrecy around your life?

    You're not doing a great job at promoting 'off the grid' as a sensible, practical option for people.


    I don't advocate any violence but you would not want to cross the lads I know who are working in the black economy.


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    #265
    Uncle Charlie
    Banned (with Prison Access) Posts: 200 ✭✭Uncle Charlie


    dxhound2005 wrote: »
    It is an anonymous process. Their legs will be perfectly safe, unless they tell you what they did.

    https://www.welfare.ie/en/Pages/secure/ReportFraud.aspx


    Its never fully anonymous the truth has away of getting out.

    Also remember they use to say you could make an "anonymous call" to a Garda station.

    But then it came out years latter that ALL calls to garda stations are recorded.

    https://www.independent.ie/breaking-news/irish-news/secret-garda-phone-recordings-violated-citizens-human-rights-35600939.html


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    #266
    runawaybishop
    Registered Users Posts: 9,500 ✭✭✭runawaybishop


    Uncle Charlie wrote: »
    Its never fully anonymous the truth has away of getting out.

    Also remember they use to say you could make an "anonymous call" to a Garda station.

    But then it came out years latter that ALL calls to garda stations are recorded.

    https://www.independent.ie/breaking-news/irish-news/secret-garda-phone-recordings-violated-citizens-human-rights-35600939.html

    Making a report to revenue is not anonymous, but on the flip side it's easy to hide a million in cash?


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    #267
    Uncle Charlie
    Banned (with Prison Access) Posts: 200 ✭✭Uncle Charlie


    runawaybishop wrote: »
    Making a report to revenue is not anonymous, but on the flip side it's easy to hide a million in cash?


    The travellers are able to hide their money so yes it is possible if you know what you're doing.


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    #268
    AndrewJRenko
    Registered Users Posts: 28,401 ✭✭✭✭AndrewJRenko


    Uncle Charlie wrote: »
    The travellers are able to hide their money so yes it is possible if you know what you're doing.

    How much are they hiding each?


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    #269
    Uncle Charlie
    Banned (with Prison Access) Posts: 200 ✭✭Uncle Charlie


    AndrewJRenko wrote: »
    How much are they hiding each?


    Enough to buy brand new cars and in some cases houses.


    I wonder does ethnic minority status mean they are unofficially tax exempt.


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    #270
    runawaybishop
    Registered Users Posts: 9,500 ✭✭✭runawaybishop


    Uncle Charlie wrote: »
    Enough to buy brand new cars and in some cases houses.


    I wonder does ethnic minority status mean they are unofficially tax exempt.

    Yeah, couple of huge houses built in town near me a few years ago. All boarded up now by the lads in CAB.


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    #271
    Claw Hammer
    Registered Users Posts: 6,161 ✭✭✭Claw Hammer


    AndrewJRenko wrote: »
    T


    Bwaahaahaa. That's funny. You have no clue about the sophistication of technology used in Revenue to analyse a whole range of factors. If you're travelling more than your peers, or owning a nicer car than your peers, or getting more work done on your house than your peers, Revenue will notice one day. The money isn't going to much use to you if you keep it in a box under the bed. It has to come out somewhere.

    How do the revenue decide who your peers are?


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