Kevin Humphreys (Dublin South East, Labour) | Oireachtas source

It was provided to the committee as well. I would like to know how the workings of the Clearing House Group contributed to the Minister's consideration of his policy position. The ESRI report weighed heavily on the 1984 Swedish movement to bring in a financial transactions tax. Does the Minister accept that the research done by the ESRI and PricewaterhouseCoopers was very flawed? The financial transactions tax that is now envisaged is very different from the Swedish model and the model examined by PricewaterhouseCoopers and the ESRI. Members of the Clearing House Group who regularly meet representatives of the Department of Finance are advising their senior clients that a patchwork tax would be the worst kind of financial transactions tax and that it would be much better for the EU to have a unified financial transactions tax. Is the Minister prepared to review his policy position on the matter in co-operation with this committee?