Revenue announces new clampdown on offshore tax evasion

The Revenue Commissioners are preparing for a major clampdown on offshore tax evasion.

Under new agreements, Revenue will soon have access to the details of overseas accounts held by Irish tax payers.

The arrangement comes into effect from next year.

It includes countries previously accused of being tax havens, including Panama, the Cayman Islands and Switzerland.

According to a report in today's Irish Times, Revenue has warned that time is running out for people hiding money overseas.

Email Updates

Receive our lunchtime briefing straight to your inbox

More in this Section

No Lotto winner - jackpot heads for €5.5m

Gardaí seek help finding Cork teenager missing for three days

Gardaí make two arrests and seize €100k worth of heroin in Dublin

Elderly woman dies in Wicklow after flames force brave neighbours from her blazing home


Today's Stories

From rock bottom to Mayor of Co Cork

Tensions mount at Aer Lingus amid cabin crew rostering row

Defences Forces training Malian army in ‘difficult mission’

Man who found human remains in garden living in 'own horror movie’

Lifestyle

Move over, David Gandy — there’s a new crew of Irish men making their mark on the catwalk

The benefit of sport is more than just winning

Dublin Cookie Co is cooking up a business

Ask Audrey: I tried tantric sex with my yoga instructor once and we managed 47 minutes before the bus arrived at Parnell Place

More From The Irish Examiner