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.


More in this Section

Inquest begins into death of Clodagh Hawe and family

Appeals which raise similar issues around ’separation of powers’ to be heard in sequence in March, court rules

Members of Traveller community secure settlement after being refused service in bar

Irish public praised for saving the life of starving five-year-old girl


Today's Stories

Warning as number of steroids seized surges 300%

ECB: Ireland’s Central Bank must enforce tracker mortgage redress

Ryanair pilots call off pre-Christmas strike

Man entered Cork Garda station with knives

Lifestyle

Review: N.E.R.D - No One Ever Really Dies: Their finest album to date

Everyone's mad at Google - Sundar Pichai has to fix it

Scenes from the analogue city - Memories of Limerick from the late 80s and early 90s

Ask Audrey: 'I heard that Viagra fumes from Pfizer’s were causing stiffys below in Ringaskiddy'

More From The Irish Examiner