Donegal TD says offshore investment legal but unfair

A Donegal TD says rich people investing money in offshore companies denies Irish people better services.

Leaked documents have revealed how Bono under his real name Paul Hewson used a company based in low-tax Malta to buy a shopping centre in Lithuania.

The files – which are being called the ‘Paradise Papers’ – show how rich and powerful people around the world avoid paying tax by investing overseas.

Sinn Féin’s Pearse Doherty says it’s legal but unfair: