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Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: Did the Chairman state there was no reply?

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: Can the Chairman remember what the Department of Finance said to Revenue?

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: It is an important question. The Revenue Commissioners are and at the time were the administrators of the tax code. They had one hand tied behind their backs with regard to particular individuals. Revenue made its opinion clear that it was not appropriate and that the legislation underpinning all of this needed to be changed but that was ignored.

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: The Chairman outlined the profile of the people who were Ansbacher account holders. Of the 20 people who availed of the tax amnesty and who were Ansbacher account holders, can she tell me what was their profile?

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: That is not possible, no?

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: Is that a reason-----

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: Okay.

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: The Chairman knows the profile of the overall group of Ansbacher account holders but she does not know the profile.

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: That is fair enough and I totally appreciate that. However, I must clear up something in this regard. The inference is that of those 20 people who availed of that tax amnesty in 1993, there was political pressure or a political motive behind the drafting of the 1993 legislation. My question is whether Revenue ever expressed a concern related to that.

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: I am not talking about 1993. I am talking about ten tears later as Revenue was investigating this matter.

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: This is clear. It is important this is said.

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: That is fair enough.

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: A lot of money was raised but the argument is that a lot more should have been raised because it was only a 15% tax. That is a view expressed by the Chairman's organisation at the time.

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: That is fair enough.

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: I have a couple of quick questions. I refer to the two reports under discussion today and acknowledge the Chairman does not have them to hand. Can she tell me whether they identified new cases?

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: That is important and let me ask the Chairman a different question. Did that new information or those new documents cause Revenue either to bring a case to a conclusion or to reopen a case?

Public Accounts Committee: Investigations by Revenue into Authorised Officers Report (4 Dec 2014)

John Deasy: I think that is it but if I may comment, I believe the first question I asked is very important and the response that was given is critical to this entire episode and that is that if Revenue actually have settled, for arguments sake, with individuals who have been named in a particular dossier, the authorised officer would not know about it. The authorised officer would not have any details...

Order of Business (10 Dec 2014)

John Deasy: The most recent Teagasc report indicates that there could be a 50% drop in dairy farming incomes next year. Many young farmers in particular are investing massive sums of money in farm infrastructure. It would be devastating for them and for rural communities around then country if that report were to prove even remotely correct. Will the Government, through the Whips, set aside time at...

Public Accounts Committee: Business of Committee (11 Dec 2014)

John Deasy: Could the clerk tell me what the gist of it is?

Public Accounts Committee: Business of Committee (11 Dec 2014)

John Deasy: It will not be retrospective.

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