Disclosure on the cards

Revenue is investigating transactions on more than 200,000 foreign credit and debit cards held by Irish people, writes Ian Kehoe.

Ian Kehoe - avatar

Ian Kehoe

11th May, 2014
The Revenue is attempting to track the transactions in an effort to determine if the offshore funds were declared for tax, or whether the use of the card is merely a ruse to wash money through the system.

The hunt for offshore treasure continues. New documents show that the Irish tax authority has obtained details of more than 200,000 foreign credit and debit cards held by Irish residents, as an offshoot of its mammoth probe into offshore assets.

Officials from the Revenue Commissioners are now trawling through more than one million transactions relating to these offshore credit and debit cards, as the tax authority seeks to discover if they have been used to repatriate...

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