Results 13,361-13,380 of 26,037 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Kieran O'Donnell: We welcome the great work the Minister has done in meeting the banks in respect of the tracker mortgages issue. How does the Minister regard the current financial state of the institutions in which we are invested?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Kieran O'Donnell: Representatives of AIB came before the committee before Christmas. The CEO of AIB expressed the view that selling the State's stake in AIB should be considered. I read the interviews the Minister gave over Christmas. What is the Minister's strategy for the State to divest itself, over a period, of its share in various institutions? Does he have a view or a strategy? As much as anything...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Kieran O'Donnell: I thank the Minister.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Kieran O'Donnell: I had a case before Christmas involving one of the mainstream banks. I do not want to get into it in detail but this was a young lady with a young family who rang me at approximately 6.30 p.m. a week or so before Christmas. An individual had called on behalf of the bank to serve papers on her, and to say she was petrified would be an understatement. I put her straight onto someone who is...

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

Kieran O'Donnell: I welcome Mr. Byrne and Ms Dooley. We are here today to discuss the Paradise Papers. I want to deal with that. Mr. Byrne's presentation was very short. I have no doubt brevity is the soul of wit but his presentation was particularly concise. What we have read in the media is a lot more expansive. Mr. Byrne mentioned that £2.458 billion was the amount in 2008. What was the peak?...

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

Kieran O'Donnell: It is a key element in understanding the story. Our job here is to ask the questions. What we were reading in the papers is that from 1977 to 1981, which coincided with when the DIRT accounts were coming in for ordinary deposit holders, many of whom I dealt with when I was in practice, a lot of the money was put into non-residential accounts by AIB and other banks. A lot of them dated back...

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.