Oireachtas Joint and Select Committees

Thursday, 12 March 2015

Public Accounts Committee

Revenue Commissioners Investigation of HSBC Offshore Accounts

10:00 am

Mr. Niall Cody:

A small number of cases is involved. As I said in my opening statement, a total of $29 million was linked to Irish individuals, which is €22 million. At least half of this had nothing to do with tax evasion. HSBC Switzerland was not a destination of choice for Irish tax evaders.