Aodhán Ó Ríordáin (Dublin North Central, Labour)
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I thank Ms McVeigh and her colleagues for their presentation. A financial transaction tax or Tobin tax is something everybody instinctively supports and considers a good idea. However, when one examines the potential ramifications in terms of costs to customers, job losses at the IFSC and so on, it becomes a little more complicated. Is the Department's position essentially that Ireland will stay out of a financial transaction tax arrangement so long as the United Kingdom does the same?