There’s a suggestion that we should be using the tax collected upon frozen Libyan assets to compensate victims of IRA attacks. Attacks made, so it is said, by the Libyan provision of funding and weapons to the IRA, the thing which led to the freezing of the assets. To which the answer is No. And also nope and no way.
The point here being that whether or not there should be compensation is one question. Whether or not there is taxation of those frozen assets is another.…See More