Revenue's hunt for untaxed money finds 350 offshore trusts

The Revenue Commissioners have uncovered around 350 offshore trusts and corporate structures held by Irish citizens, as part of their investigation into untaxed money held abroad.

Ian Kehoe - avatar

Ian Kehoe

13th April, 2013

The Revenue Commissioners have uncovered around 350 offshore trusts and corporate structures held by Irish citizens, as part of their investigation into untaxed money held abroad.

The Irish tax authority has identified covert trusts in the Channel Islands, Switzerland, Liechtenstein, the Isle of Man, the Cayman Islands, and the Seychelles. Figures show that the Revenue offensive into offshore trusts has reaped €45.5 million from 328 individuals.

The information comes amid mounting international pressure by governments against offshore...

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