Brian O'Shea (Waterford, Labour)
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Question 133: To ask the Minister for Finance the number of persons, companies and trusts being investigated by the Revenue Commissioners arising from the Ansbacher accounts at the latest date for which figures are available; the number of cases where settlements have been agreed and the amount paid to date; the number of cases still outstanding; if additional action has been taken by the Revenue Commissioners arising from the report of the Ansbacher inspectors; and if he will make a statement on the matter. [7889/06]

Brian Cowen (Laois-Offaly, Fianna Fail)
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I am advised by the Revenue Commissioners that the Ansbacher review team has been carrying out detailed investigations since October 1999. The investigation has essentially two elements, Ansbacher type arrangements and other cases involving offshore funds and deposits.

Revenue has advised that the review team has inquired into 289 cases and, to date, 201 of these cases have been finalised. The 289 cases, taking account of spouses and connected companies, consist of 300 names and are made up of 179 cases listed on the High Court inspectors' report and 110 similar cases discovered by Revenue or listed on the authorised officer's report. The investigation includes an examination of the tax position of disclosed entities and the accumulation and assemblage of information on other connected entities. The number of connected entities in cases under investigation is now nearly 700.

Revenue is making extensive use of its legislative powers to seek books, records, documents and information in the cases being investigated. Where appropriate, prosecutions will be considered but these will depend on the level of evidence available. Revenue has made ten successful applications to the High Court for the production by financial institutions and third parties of books, records and other documentation relevant to liabilities of Ansbacher account holders. Some 200,000 documents have been received under the terms of the High Court orders. Advanced investigative computer software is used in controlling and managing the documentation.

To date a total of €55.8 million has been received, consisting of settlements and payments on account, in respect of 107 cases. This is made up as follows:

The 201 cases which have been finalised consist of 78 cases which were settled on payments of €44.88 million, included in the amount above, 66 non-resident cases which are covered by the provisions of double taxation agreements, 41 cases where no additional liabilities arose and 16 which were covered by the 1993 amnesty provisions.

Revenue made an application under section 11 of the Companies Act 1990, for a copy of the High Court inspectors' report which was made available to Revenue on 6 July 2002. The information in this report has been carefully considered with regard to the tax liabilities of the persons concerned. In addition, Revenue made a further application to the High Court for access to the supporting papers to the High Court inspectors' report. The High Court order in the matter was granted in June 2004 and perfected in January 2005 and allows for access to documents relating to clients of Ansbacher named in the High Court inspectors' report and those persons and companies, including members of the board, found by the High Court inspectors to have failed to co-operate with their inquiry. The order also allows for Revenue to make application and grounding affidavit for the obtaining of information and documents relating to any other individual or company. Access to documents is subject to the direction of the High Court. Revenue has applied, on foot of the order, for access to documentation in respect of certain cases named in the High Court inspectors' report. Some documentation has been supplied and further documentation is awaited. Revenue has informed me that the investigations are time consuming and complex and are likely to continue for some time to come.