Oireachtas Joint and Select Committees

Wednesday, 19 November 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance Bill 2014: Committee Stage (Resumed)

4:05 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I commend the Revenue Commissioners on the work they are doing in this area. I was delighted to hear about the new marker recently and how hopeful Revenue and departmental officials are that it will go a long way to resolving the issue. It would be transformative if it is as successful as the Minister thinks it might be. What is going on is an absolute disgrace. The State is being denied an unknown quantum of money every year. I urge the Revenue Commissioners to use every weapon in their armoury to get to grips with the issue. Clearly, they need to use their very extensive powers. If some businesses are fronting illegal activity, then the Revenue Commissioners have very sweeping powers to examine all facets of the underlying business, and that should be done. I urge the Revenue Commissioners to continue with their work. I am sure they have all of our support.

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