Oireachtas Joint and Select Committees

Thursday, 25 January 2024

Public Accounts Committee

Appropriation Accounts 2022
Vote 9 - Office of the Revenue Commissioners
Account of the Receipt of the Revenue of the State collected by the Revenue Commissioners 2022
Report on the Accounts of the Public Services 2022
Chapter 20 - Assessment and Collection of Local Property Tax
Chapter 21 - Revenues Tax Debt Warehousing Scheme
Chapter 22 - Corporation Tax Losses

9:30 am

Mr. Niall Cody:

We pay very close attention to the various publications of the ICIJ. In fact, I was at the committee a few years ago talking about previous issues around the Panama papers and so on. At the time we wrote to the ICIJ and asked them to exchange the information they had but I am afraid they declined. Every time the ICIJ produces a data source, we look to see if there are entities of interest from a tax perspective. In a lot of that kind of funds investment there is no Irish tax at risk. We look to see. Through all those offshore investigations and the Panama papers we would have had a yield but a relatively small yield because there was no significant tax at risk. We do, however, pay absolute close attention and we pay close attention to anything that is going on.