The Central Bank has given the clearest indication yet that the 16 individuals involved in the Davy bond scandal could face personal repercussions beyond merely losing their jobs at the investment firm.
A totally inequitable tax system for those working from home
Updated / Wednesday, 10 Mar 2021
12:05 Employees are losing space in their home for work space that would be traditionally provided by an employer
Opinion: the current tax regime is both inequitable and inadequate for employees who may be working from home long into the future
A year on, we can reflect with more certainty on the way the country has changed since the pandemic began. One of the immediate changes was the increase in working from home for many workers. This change has brought increased focus on the tax treatment of expenses related to working from home.
But Ms Rowland backed away from any suggestion the Central Bank investigation had found evidence of criminal wrongdoing.
She said her team had considered both the evidence and their obligations and did not form the view there were criminal reports to be made . Now that the details are out, we are prepared to engage with other authorities, she said, later mentioning the Garda and ODCE.
She said the Central Bank was maintaining continued supervisory engagement with Davy as a regulated firm and her team was keeping all its options open, but she would not be drawn to speculate about further action against individuals.
Anna Dunphy
Paul McManus
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