Oireachtas Joint and Select Committees
Thursday, 26 February 2015
Public Accounts Committee
Business of Committee
10:00 am
Mary Lou McDonald (Dublin Central, Sinn Fein)
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The response we got from Revenue is extremely helpful. It is fairly detailed but it still leaves us with the reality that the recoup for the State was extremely low when measured against the full asset value in the accounts. I suggest we ask Revenue to attend the committee to walk us through the information they have provided and give members the opportunity to raise other matters. For example, one thing that jumped out at me was the statement that 33 investigations were initiated, 27 had been completed, six were ongoing and a small number of cases were being considered for investigation. In other words, the process is not complete even though they first had notice of this in 2010. Given the extent of public concern and interest in the matter and the money involved, I propose we invite Revenue to attend to explore the issues further.