Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

The phrase itself comes from the tax Acts and is used consistently within the tax Acts. That is why that particular phrase is being used. Revenue is independent of Government and we have received advice that this would allow Revenue to work the Act as it is intended. The establishment of a reporting mechanism is being thought through, but there is a risk in that there are such a small number of entities doing this that one may not be able to report at a meaningful level without impinging upon a person's right to privacy in his or her tax affairs.