DUBLIN: Revelations that AIB was involved in assisting clients in avoiding tax through offshore tax havens have been described as “deeply disturbing”.
Opposition parties demanded last night that both AIB and Bank of Ireland immediately outline all tax avoidance strategies they have arranged for clients as the fallout from the “Paradise Papers” leak intensified.
Michael McGrath, Fianna Fáil’s finance spokesman, said AIB should clarify whether it actively shifted data and funds to offshore jurisdictions in order to prevent the Revenue Commissioners from accessing the information.
He also said he would be requesting AIB’s appearance before the Oireachtas finance committee to provide answers about its role in the scandal.
