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

Photo of John DeasyJohn 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.