Tax evaders give up €700m

THE Revenue Commissioners have recovered more than €700m from tax dodgers and warned there is no safe place for hot money.

The crackdown on bogus non-resident accounts alone has yielded €634 million. Revenue said most of the offenders would be identified and penalised by the end of the year.

A further €65m was recovered from Ansbacher and the Clerical Medical Insurance/National Irish Bank tax evasion scams.