The Department of Finance has no access to details on what sectors or countries Ireland’s phantom exports are occurring in, the Business Post has learned.
Last week, this newspaper revealed that the amount of Irish goods exports that are not actually produced or physically traded from here has risen 20-fold over the last decade, and now accounts for more than a third of all Irish goods traded abroad.
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Finance cannot access details about Irish ‘phantom exports’For reasons of commercial sensitivity, the Department of Finance has no access to data about Irish goods not produced or traded from here, but booked here for tax purposes *need Central banks needs it ...And yet they and other government departments can have access to everyone's data, in the country!
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Finance cannot access details about Irish ‘phantom exports’For reasons of commercial sensitivity, the Department of Finance has no access to data about Irish goods not produced or traded from here, but booked here for tax purposes The whole financial system needs new IT solutions to solve existing problems
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