Oireachtas Joint and Select Committees

Tuesday, 4 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Pre-ECOFIN Briefing: Minister for Finance

8:30 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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No, we understand the enhanced co-operation provisions in the treaties. The countries that use enhanced co-operation to make an advancement in any area of policy where there is not unanimity are quite entitled to do so. We will not get involved in a legal challenge which is fundamentally challenging their right to move forward in this way. To get back to Deputy Murphy's original point on whether I think it will happen, it probably will happen as a minimalist issue at the end of the day. As I said, a 0.1% stamp duty on share transactions and some derivatives falls short of what we have ourselves already. I do not see any reason for joining in on that.