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Dáil Éireann debate -
Wednesday, 10 Dec 2003

Vol. 576 No. 6

Written Answers. - Offshore Accounts.

Joan Burton

Question:

55 Ms Burton asked the Minister for Finance if the Revenue Commissioners are holding a series of meetings with chief executives of Irish financial institutions as part of their investigation into tax evasion and offshore accounts; the purpose of these meetings; the number of such meetings held to date; the number planned; and if he will make a statement on the matter. [30078/03]

I am advised that the chairman of the Revenue Commissioners recently initiated a series of high level meetings with certain financial institutions. The purpose of these meetings is to discuss issues concerning possible tax evasion involving the use of offshore accounts in subsidiaries of financial institutions and possible co-operation by the institutions with Revenue inquiries into this matter. To date, meetings have been held with five institutions and more are planned. It is expected that meetings will have taken place with all relevant institutions before the end of the year.

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