Cowen urged to target tax dodge advisers

BRIAN COWEN was strongly urged yesterday to tighten up the law to allow prosecutions of bank officials and financial advisers who advise customers to open accounts aimed at evading tax

But any changes to legislation by the Finance Minister will not affect past cases of bogus and non-resident accounts.

Revenue Commissioners chairman Frank Daly told the Dáil Public Accounts Committee that at the moment it is virtually impossible to prosecute someone for aiding and abetting in tax evasion.