Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

3 o’clock

There was an awareness back in the 1990s of Irish-registered but non-resident companies and that they were used for criminal activity, including fraud. Company law was changed to remediate that. However, no connection was made between Irish-registered non-resident companies and a kind of stateless situation which could be used for the avoidance of tax. This only became an issue after the Apple inquiry in 2013. My Department assures me that was the first awareness it had of stateless companies being used for tax avoidance.

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