The former Fine Gael Minister Michael Lowry could face criminal charges for tax offences, according to evidence presented by lawyers for the Moriarty Tribunal. The Tribunal began the public phase of its investigation into Mr Lowry's tax affairs today. Its counsel described the possibility of a criminal prosecution as "a live issue".
Michael Lowry's relationship with the Revenue Commissioners has been complicated by three factors, the tribunal heard today. There is disagreement as to exactly how much money he owes. Michael Lowry estimates a total of £500,000 in undisclosed income. The Revenue puts that closer to £700,000. There is also debate as to how Mr Lowry should be treated - as someone who made a voluntary disclosure about his affairs or not?
It was pointed out today that he did contact the Revenue to point out errors in his returns but only after the media had made revelations about his relationship with Ben Dunne. Most importantly the Revenue is examining whether Michael Lowry has exposed himself to a criminal prosecution. Some time ago the Revenue decided to deal with him as if a criminal inquiry was underway, and that situation still exists. The Revenue Commissioners have cautioned the now independent TD, that any admission he may make could be used as evidence against him in criminal proceedings.
