Simon Harris (Wicklow, Fine Gael) | Oireachtas source

There is an ongoing EU process as well as an impact assessment. Let us see where they go.

I will make a point about HSBC because the Deputy was not factually correct. The Committee of Public Accounts probably received information regarding HSBC, but it is important to point out that there were three prosecutions in this country in respect of issues arising from that situation. My understanding is that it all occurred before any information was made public. Can we please give credit to the Revenue Commissioners for the job that they do? If the Deputy wants a comparator, the UK received information on more than 1,000 cases, which resulted in one prosecution. In this country, Revenue received information on fewer than 100 cases, which resulted in three prosecutions. The Deputy must recognise the benefit in the role of independent Revenue Commissioners. We decide tax policy and it is their job implement it. They do that well.