OLDER PEOPLE IN RURAL GALWAY MAY BE HIT BY NEW FINANCIAL PROBES

Date Published: 17-Jul-2008

A Galway T.D. says that new powers given to the Revenue Commissioners may cause worry and hardship to older people - in rural areas in particular. The banks, financial institutions and credit unions will have to provide all details about accounts to the Revenue Commissioners soon and this may have tax implications for many people. Deputy Noel Grealish says that people who put together sums of money in hard times should not be targeted because of these new regulations.