Let me say at the outset that the examination of the tax affairs of any individual or institution in the State is a matter solely for the Revenue Commissioners. The Minister for Finance does not get involved in such cases for obvious reasons. This is the position which has been accepted in the House since the foundation of the State. I understand that my predecessor, Deputy Quinn, on radio recently entirely endorsed that position.
On the matter of the findings of the Dunnes Stores tribunal of inquiry, the Revenue Commissioners have already made it clear, following the tribunal report, that any action needed to uphold the implementation of the tax code in the light of the information contained in the report is being taken.
Immediately on publication of the tribunal report, I requested the Revenue Commissioners, in conjunction with my Department, to carry out a review of their existing powers, which are substantial, in the light of the findings of the tribunal.
The last major change in Revenue powers was given effect to in the 1992 Finance Act and included reporting arrangements for domestic institutions in relation to the opening of foreign bank accounts by Irish residents. Revenue powers were further extended in 1993, and penalties for tax evasion were significantly increased, in conjunction with the introduction of the tax amnesty. As regards access to bank accounts, the Revenue Commissioners are empowered to seek access through the courts, or, in certain circumstances, through the appeal commissioners, to the bank accounts of named individuals resident in the State.