Oireachtas Joint and Select Committees

Thursday, 12 March 2015

Public Accounts Committee

Revenue Commissioners Investigation of HSBC Offshore Accounts

10:00 am

Photo of Shane RossShane Ross (Dublin South, Independent) | Oireachtas source

We all knew about the Swiss bank secrecy and we all knew that this was happening. What was Revenue doing before that? How much money has been lost to the Irish Revenue because Revenue was not particularly active in that particular area? It is clear that Revenue got great results from Jersey, the Isle of Man and other tax havens, which is what they are. It appears that with regard to Switzerland nothing very much happened before 2009 from Ireland's point of view. Is that correct?

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