Minister for Finance Paschal Donohoe has said Ireland will continue to play its role in dealing with the issue of aggressive avoidance of tax.

It comes after leaked documents - the Paradise Papers - from an offshore law firm revealed investments by wealthy individuals and institutions around the globe. 

Speaking in Brussels, Mr Donohoe said: "Ireland is and will play its role in the practice that is needed to deal with the issue of aggressive avoidance of tax. We believe everybody, be they a company or an individual should pay their tax fairly."

Mr Donohoe said this was why Ireland will be one of the first countries to engage in the practice where our Revenue Commissioner will be able to share information with tax authorities in other jurisdictions.

He said this would ensure assets and income is not being held in such a way to reduce their ability to pay tax.

He said the OECD has given Ireland the highest rating possible in relation to tax transparency and the sharing of information.

Mr Donohoe said the Chairman of the Revenue Commissioners told him this morning they would be reviewing the 'Paradise Papers' as they are published in the coming days to see if any further action is merited.

Asked about the failure to fill a senior position at the Office for Corporate Enforcement, Mr Donohoe said a recruitment process for the position is under way and in the meantime, the role is being performed by a member of An Garda Síochána.