Ireland to probe those using offshore centres

(The Post): The Revenue Commissioners plan to contact Irish people who have moved assets overseas through offshore trusts in a bid to determine if the money involved was declared for tax. Under extensive new powers, the Revenue can demand details of offshore discretionary trusts, which are regarded as one of the most valuable tax avoidance vehicles in existence. A number of people and companies are known to use offshore trusts in the Isle of Man, the Channel Island and the Cayman Islands. Go to article