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
3:35 pm
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
The point I am trying to make is that what we are trying to get all the time is probity, prudence and so forth in how the financial and banking sector operates. If there is a resolution mechanism in place then the institutions, if they are operating outside the constraints or normal practices, will know that a charge is going to be imposed on them. One could make the point that they will ultimately pass it on to the consumer. In this case the customer will be paying the financial transaction tax. Does Ms McVeigh understand the point I am making?
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