Results 12,641-12,660 of 26,076 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: We are obliged, as public representatives, to ask about both periods.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: We have to get the complete story, which means the early chapters as well as the later ones.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: There was tax evasion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: Surely as CEO of AIB, Mr. Byrne has access to material that shows whether tax evasion took place or not through the use of offshore accounts. We have ordinary people coming to us, who earn just above the average industrial wage, and they are paying nearly 50 cent on the euro in tax. They see something that was going on for many years and they are asking how and why it happened and are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: I am assuming it is "was".

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: In more recent times, there has been the Panama Papers and what has been published about that. We are relying on what is in the media. Appleby solicitors, which acted as an agent for AIB in the Isle of Man and Jersey-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: There was a court order from the Revenue Commissioners in 2015 which AIB did not accede to. Is Mr. Byrne familiar with that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: Will Mr. Byrne elaborate on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: So what is purported to be in the Paradise Papers, specifically in The Irish Times-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: That court order did not happen.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: Since that, there has been none. AIB has complied with all court orders.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: What has AIB done on foot of the fact there is something in the public domain which, for someone looking in, says that in 2015 a court order was served by the Revenue Commissioners on AIB for their offshore funds in the Isle of Man and Jersey through Appleby solicitors which at the time was AIB's agent and that AIB did not comply?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: Were the Isle of Man funds operated from Ireland or from the Isle of Man and Jersey?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: There is an indication that these funds were managed out of Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: Did AIB refer customers to its offshore branches on the Isle of Man and in Jersey?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: Therefore, Mr. Byrne is cutting loose the period pre-1998.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: AIB is the one institution-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: There have been no referrals of customers post-1998.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: As of now, are AIB's offshore interests being wound down?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Kieran O'Donnell: As of this moment, is there anything outstanding that AIB is required to provide for Revenue in respect of court orders or otherwise? Is the bank fully up to date?