Joe Costello (Dublin Central, Labour)
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Revenue has been successful in securing approximately €2.75 billion through the offshore accounts unit with regard to 35,000 or 36,000 Irish account holders over the past 14 or 15 years, which is highly impressive. Clearly, HSBC Geneva was a small player in that respect. How can a bank of that nature still secure a licence to operate if Revenue already has prosecuted some people in respect of tax evasion and it is quite clear that the secrecy surrounding the operation was to facilitate tax evasion?