Two Irish banks were forced to defend helping clients avoid tax and disclosure by moving money offshore into tax havens. AIB and Bank of Ireland say they have now closed the operations.
More Irish-linked news about tax avoidance is expected to be released this week and authorities are now on standby to go after outstanding liabilities.
Finance Minister Paschal Donohoe spoke to Revenue chairman Niall Cody yesterday about the disclosures. Mr Donohoe said agreement on a blacklist of global tax avoidance locations should be decided by EU members next month.
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