Oireachtas Joint and Select Committees

Tuesday, 1 April 2014

Joint Oireachtas Committee on Foreign Affairs and Trade

Role and Functions: Debt and Development Coalition Ireland

12:30 pm

Ms Nessa Ní Chasaide:

That has to be acted upon as well. However, a starting point must for the people of those countries to know what is the tax on the royalties and what payments are being made. Those are currently unknown, although there has been some progress in the extractive sector in the latest EU transparency directives.

However, as for direct policy actions the Government should be but is failing to take at present, the Minister, Deputy Noonan, has refused to set up a public register of companies in Ireland. He should lead by example. If there is nothing to hide and if there is no problem, why can one not see who are the flesh-and-blood owners of trusts, foundations and companies in Ireland?

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