Oireachtas Joint and Select Committees

Thursday, 12 March 2015

Public Accounts Committee

Revenue Commissioners Investigation of HSBC Offshore Accounts

10:00 am

Photo of Shane RossShane Ross (Dublin South, Independent)
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This is very important and it is very important for the Revenue Commissioners. The Revenue Commissioners do not seem to like prosecuting people very much and their record of prosecuting on these issues is sparse to say the least. As Mr. Cody knows, nobody was prosecuted under Ansbacher. We have been through that before with the Revenue Commissioners. On bogus non-resident accounts, I do not know if any action was ever taken against any institutions. It appears that the small man got it in the neck. On HSBC, there is a very small number - I think we are talking about four prosecutions. Is the Revenue Commissioners' legal advice that it is harder to do it in this country than, for example, in the UK?