Irish taxman to receive Swiss secret accounts details

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.





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