Irish Banks Hand Over Names And Addresses For Tax Dodgers
It emerged this week that banks in Ireland have begun to hand over the names
and addresses of delinquent taxpayers who held bogus non-resident accounts to
the Revenue Commissioners. In a report released on Tuesday, the Irish Examiner revealed that banks and
other financial institutions have been contacting account holders to inform
them that their names and addresses have been passed on to the tax authorities,
who until now were obliged to seek permission on an individual basis when prosecuting
a person for tax evasion. However, according to the Examiner report, under tough new rules, the Revenue
Commissioners can now pursue an unlimited number of people. Government estimates have suggested that there are some 60,000 bogus non-resident
account holders in Ireland, who between them owe just under 600 million euro. .
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