Oireachtas Joint and Select Committees
Thursday, 14 December 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Paradise Papers (Resumed): Allied Irish Banks
9:30 am
John Deasy (Waterford, Fine Gael)
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My basic point is that AIB and other banks were involved in the setting up of bogus foreign deposit accounts. Even though the law was changed based on the work we did in 2003, I am dubious about the efficacy and utility of the Act passed in 2004. That has been verbalised by the chairman of the Revenue Commissioners since.