Dáil Éireann Debate, Thursday - 14 October 2004
55 Mr. Penrose asked the Minister for Finance the progress made by his Department and the Revenue Commissioners in their consideration of the recommendations of the Revenue powers group; and if he will make a statement on the matter. [24667/04]
View answerMy predecessor established the Revenue powers group, under the chairmanship of Mr. Justice Frank Murphy, to examine Revenue's main statutory powers and report on changes needed. The group's report was published on 4 February 2004 and the Minister indicated at that time that he wished to allow a period for debate and public reflection on the many and varied issues dealt with in the report. Interested parties have contacted my Department and a number of submissions have been made in this regard. My Department is also discussing relevant issues with other Government Departments.
The group's recommendations and the views received on them are being examined in the context of the Finance Bill 2005.
56 Mr. Quinn asked the Minister for Finance the progress made to date with regard to the negotiations between the Revenue Commissioners and the authorities in the Cayman Islands with a view to the conclusion of a tax information exchange agreement; and if he will make a statement on the matter. [24665/04]
View answerFirst round negotiations between the Cayman Islands authorities and the Revenue Commissioners for a tax information exchange agreement were held in Dublin on 24 November 2003. A second round of negotiations took place on 7 April 2004. A date has not yet been fixed for a further round of negotiations. As the Deputy will appreciate, it is not possible at this stage to comment on the likely outcome of the negotiations.
