Evaders set to sue banks over Revenue probe

The Revenue Commissioners and the banks are facing a legal backlash following a High Court ruling in relation to their offshore assets investigation.

24th November, 2007

The Revenue Commissioners and the banks are facing a legal backlash following a High Court ruling in relation to their offshore assets investigation.

The High Court has ruled that the tax authority had no right to force Irish banks to hand over financial details of overseas bank accounts held by Irish residents. The Revenue said late last week that it was appealing the decision to the Supreme Court.

The judgment paves the way for Irish...

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