Oireachtas Joint and Select Committees

Thursday, 9 November 2017

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2017: Committee Stage (Resumed)

10:00 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Not only is Ireland not a tax haven, as acknowledged by the Organisation for Economic Cooperation and Development, OECD, which makes an adjudication and offers a definitive view on whether a country is a tax haven but in respect of the Deputy's proposal for a financial transaction tax, FTT, I cannot think of a more ill-judged time to introduce such a measure, if one was minded to and I am not, than a point when the United Kingdom is getting ready to leave the European Union and we are trying to develop Ireland to benefit in some way from its exit by increasing the number of jobs in financial services in this country.

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