Vol. 548 No. 5
79 Ms O'Sullivan asked the Minister for Finance the number of individuals, companies and trusts being investigated by the Revenue Commissioners arising from an inquiry (details supplied); the number of cases in which settlements have been agreed; the amount paid to date; the number of cases still outstanding; and if he will make a statement on the matter. [5562/02]
I am advised by the Revenue Commissioners that their Ansbacher review team has been carrying out detailed investigations since October 1999. The investigation has essentially two elements. There are cases involving Ansbacher type arrangements and there are other cases involving offshore funds and deposits.
Revenue has indicated it is inquiring into 197 Ansbacher type cases. These consist of 121 cases named by the authorised officer and 76 similar cases discovered by Revenue. A total of 168 cases are under active investigation. Inquiries have not yet commenced in the remaining 29 because of insufficient identity information, apparent non-residency or the 1993 amnesty being claimed.
The investigation includes examining the tax position of disclosed entities and accumulating and assembling information on other connected entities. The number of connected entities in relation to core cases under investigation is now more than 650.
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.
|
Cases on Authorised Officer's list |
24 Cases |
€6.11 million (£4.81 million) |
|
Additional Ansbacher cases identified by Revenue list |
16 Cases |
€4.05 million (£3.19 million) |
|
Other cases involving offshore funds or deposits |
9 Cases |
€6.51 million (£5.13 million) |
|
Total |
49 Cases |
€16.67 million (£13.13 million) |
