Paradise Papers and money laundering
Deputy Boyd Barrett raises the Paradise Papers and the overdue transposition of the EU anti-money-laundering directive on beneficial ownership. The Minister says the general scheme of the Bill is expected at year’s end.
To be helpful, the group is called Solidarity-People Before Profit.
Comment on this
That is what it is called this week.
Comment on this
I am happy to say the words.
My question relates to the so-called Paradise Papers. The Government was supposed to transpose in June this year the EU anti-money-laundering directive which requires that we have information on the ultimate beneficial ownership of companies and corporate entities. This relates very much to the tax dodging of the Irish rich and Irish corporations revealed in the parasite papers. When will the directive be transposed? Infringement proceedings have been taken by the European Commission against Ireland for its failure to transpose it. This is further evidence of the total unwillingness of the Government to tackle corporate tax dodging by the rich and multinationals.
Comment on this
I expect the general scheme of the Bill to be published at the end of the year.