Oireachtas Joint and Select Committees

Thursday, 12 March 2015

Public Accounts Committee

Revenue Commissioners Investigation of HSBC Offshore Accounts

10:00 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail)
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I understand that, but I am trying to explore the matter. I know the job Mr. Cody and the Revenue Commissioners did and we know what was collected in taxes, penalties and interest, but the point remains that HSBC took over the bank and that, without the whistleblower, none of the money would have been collected. HSBC, having taken over the bank, was aware not only of the culture, as it has admitted, but also of the laws of confidentiality it could hide behind. What does Mr. Cody think of HSBC's statement that it is ambitious for business or looking to harness its global capabilities to seek companies' growth and explore the possibilities HSBC Ireland can offer? Is that one of the well crafted statements that helps it to dodge what is really going on?