Oireachtas Joint and Select Committees
Thursday, 12 March 2015
Public Accounts Committee
Revenue Commissioners Investigation of HSBC Offshore Accounts
10:00 am
Shane Ross (Dublin South, Independent)
Link to this: Individually | In context | Oireachtas source
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?