Taxing Illegal Assets: The Revenue Work of the Criminal Assets Bureau

Irish Law Times, Vol. 24, No. 20, p. 316, 2006

7 Pages Posted: 21 Nov 2007 Last revised: 21 Aug 2008

See all articles by Liz Campbell

Liz Campbell

Monash University - Faculty of Law

Abstract

This article considers the powers of the Criminal Assets Bureau (CAB) in the context of revenue law, as this lesser - known aspect of the Bureau's work is often overshadowed by its ability to seize and confiscate the proceeds of crime. Although the taxing of illegal profits was traditionally precluded in Ireland, this situation was altered in the early - 1980s, thereby facilitating CAB's revenue work. Despite CAB's significant powers in this regard, the courts have overturned its tax assessments in a number of cases, on the basis that certain criteria pertaining to its tax powers have been breached. Nevertheless, CAB's ability to pursue an individual for unpaid taxes and simultaneously seek to confiscate the proceeds of crime augments the State's power in tackling organised crime and recoups significant resources for the public coffers.

Keywords: Criminal justice, asset forfeiture, organised crime

Suggested Citation

Campbell, Liz, Taxing Illegal Assets: The Revenue Work of the Criminal Assets Bureau. Irish Law Times, Vol. 24, No. 20, p. 316, 2006 , Available at SSRN: https://ssrn.com/abstract=1031648

Liz Campbell (Contact Author)

Monash University - Faculty of Law ( email )

Wellington Road
Clayton, Victoria 3800
Australia

HOME PAGE: http://https://research.monash.edu/en/persons/liz-campbell

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