Oireachtas Joint and Select Committees

Thursday, 12 March 2015

Public Accounts Committee

Revenue Commissioners Investigation of HSBC Offshore Accounts

10:00 am

Photo of Robert DowdsRobert Dowds (Dublin Mid West, Labour)
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Does Revenue have the ability to observe the transfer of money out of the country? I presume transfers of this nature would be a possible indicator of someone trying to evade tax. Does Revenue have the ability to follow the money in order to determine what is happening or is the level of secrecy within the banks such that it cannot do so?