Revenue has confirmed it recouped four and a half million euro in unpaid taxes after a massive leak of data on offshore account holders.
The money relates to 20 account holders, whose information arose in a batch of 60 thousand files about HSBC clients.
Three successful prosecutions have also been completed as a result of the information which Revenue received in 2010.
The secret files relate to the bank's Swiss operation between 2005 and 2007, and appear to show that in some cases, HSBC helped clients avoid paying tax.
In a statement, the bank has admitted 'individuals took advantage of bank secrecy to hold undeclared accounts'.
Financial journalist Alex Brummer doesn't think they could get away with it now.
