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

3:25 pm

Photo of Thomas ByrneThomas Byrne (Fianna Fail) | Oireachtas source

The British are taking a legal challenge to this for some of the reasons described by Ms McVeigh in respect to our position, such as jobs in the funds industry, the IFSC, problems with the issuance of government bonds generally, sovereign debt markets etc., reduced growth across the EU while we are in it or out of it. Is there any reason we have not considered taking a legal action ourselves?

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