Oireachtas Joint and Select Committees
Wednesday, 2 October 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Financial Transaction Tax: Discussion with Department of Finance
3:15 pm
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
If one was to look at a map of the world, the Irish Financial Services Centre should not have taken off in Dublin. A global leader in financial services - London - is less than one hour's flight away but we are uniquely different from London and financial services have worked for that reason as well as others. The predominant reason is that this is an English speaking country which is in the eurozone. If the 11 member states go with the FTT, could we not see inward flight to this country by financial houses because they would remain in the eurozone, would stay outside the FTT and would be in a country with a globally spoken language?
No comments