Worried about Revenue clampdown on offshore assets
Q&A: Dominic Coyle
Tax authorities in different countries are now working much more closely with each other. The Irish Revenue will receive any details about Irish taxpayers that is held by tax authorities in most other countries
I am a PAYE taxpayer. I have two modest offshore accounts, one in euro and one in a foreign currency. They are deposit accounts which earn no interest. There also hasn’t been any trading in the foreign currency which might give rise to capital gains.