Main findings and recommendations

DIRT evasion was an industry-wide phenomenon in the financial services sector in the late 1980s and early 1990s

DIRT evasion was an industry-wide phenomenon in the financial services sector in the late 1980s and early 1990s

The State, its agencies and financial institutions failed to take a planned approach to the issue

There was a particularly close and inappropriate relationship between the banking industry and the State and its agencies

The Revenue Commissioners should undertake a full lookback audit to April 1986 of each financial institution to assess DIRT liability, with the cost of the audit to be borne by the financial institution being examined and the look-back to be completed by September 1st, 2000

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The Government should consider the imposition of a levy on the financial institutions, the proceeds of which would go towards the funding of a foundation for investing in communities

Reviews should be undertaken of the Revenue Commissioners and of the role and function of auditors