Ireland has signed an agreement on the exchange of tax information with the Cayman Islands. Minister of State at the Department of Finance Dr Martin Mansergh signed the agreement at a ceremony in Berlin.
The deal will allow Revenue to ask for information relevant to an Irish tax investigation directly from the authorities in the Cayman Islands. This would include bank account information and beneficial ownership information for companies and other entities set up in the Cayman Islands.
Ireland has already signed similar agreements with the Isle of Man, Jersey and Guernsey. 'We also expect to sign a TIEA with Gibraltar very shortly,' said Dr Mansergh.
The Cayman Islands was at the centre of the Ansbacher offshore accounts scandal.
