Agreement due on EU blacklist of tax havens

Agreement on an EU blacklist of worldwide tax havens is expected to be finalised in the coming weeks as governments and finance authorities step up the monitoring of offshore account users.

The Revenue Commissioners have agreed now to examine revelations from leaked documents in the Paradise Papers on investments by wealthy individuals and institutions.

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.