Oireachtas Joint and Select Committees

Tuesday, 4 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Pre-ECOFIN Briefing: Minister for Finance

8:50 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent) | Oireachtas source

That brings me to the second part of this issue. If what the Minister is saying is correct - I have no reason to believe that it is not - and for the same reason that he believes a damaging version of the tax is worth considering, is it also not worth considering that there may be a competitive advantage to be had? The Minister's remarks illustrate my point perfectly, in that a particular version of the tax could benefit financial services in Ireland whereas a different version could disadvantage it, leading to a migration of jobs from the IFSC to the City of London. In this light, could the Minister ask the Department to engage in scenario modelling for us to review?

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