Revenue has confirmed it's recovered 4-point-5 million euro in unpaid taxes from 20 account holders at a Swiss bank – and their investigations are still ongoing.
The cases have come to light in a massive leak of data at HSBC's Swiss subsidiary from 2005 to 2007, which appears to show that, in some cases, the bank helped clients avoid paying tax.
- Advertisement -
In a statement, the bank has admitted 'individuals took advantage of bank secrecy to hold undeclared accounts'.
Revenue says it's completed three successful prosecutions as a result of information it received in 2010.
