Joan Burton (Dublin West, Labour)
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Question 40: To ask the Minister for Finance if he will report on the recent settlement made between the Revenue Commissioners and property developers (details supplied) reportedly to the sum of €25 million; if further investigations of the company will take place; and if he will make a statement on the matter. [24938/06]

Brian Cowen (Laois-Offaly, Fianna Fail)
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As the Deputy is aware I cannot, for reasons of taxpayer confidentiality, comment on the tax affairs of individual cases. I can however confirm that the details of a settlement with a building company, in the sum of €22,169,642, were published yesterday in the latest quarterly list compiled by the Revenue Commissioners in accordance with the provisions of Section 1086 of the Taxes Consolidated Act, 1997. The settlement included tax, interest and penalties.

The Revenue Commissioners are committed to tackling tax evasion in a robust and professional manner, using the powers provided in the various Finance Acts, and in particular those provided in the Finance Act 1999. They adopt a risk based approach and the outcomes from their ongoing audit and compliance programmes together with the major investigation projects which they have undertaken, are an indication of the success of their strategies.