Irish taxman to receive Swiss secret accounts details
From next year, Switzerland will start handing over names and addresses of any Irish residents with bank accounts
The Irish taxman will gain details of Irish citizens holding secret Swiss bank accounts in a deal struck only weeks after similar moves in the UK.
Switzerland will start handing over the names and addresses of any Irish residents with bank accounts from next year when a new agreement is officially signed, the Irish Independent reported.
The deal will give the Irish taxman the ability to demand details of any Irish citizen who has held a Swiss bank account during the past five years.
Taxes and penalties will be applied on any accounts with any undeclared income.