Oireachtas Joint and Select Committees

Thursday, 14 December 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Paradise Papers (Resumed): Allied Irish Banks

9:30 am

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

Surely as CEO of AIB, Mr. Byrne has access to material that shows whether tax evasion took place or not through the use of offshore accounts. We have ordinary people coming to us, who earn just above the average industrial wage, and they are paying nearly 50 cent on the euro in tax. They see something that was going on for many years and they are asking how and why it happened and are asking us to ensure it will never happen again. They are saying there are two worlds. Some people are paying heavy tax, trying to educate their children, pay their mortgages yet the institution with which they hold their mortgages and which holds them to account to pay their mortgage on a monthly basis was facilitating high-worth individuals having money offshore a short distance away in the Isle of man and Jersey and paying no tax. These are questions we have to ask.

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