Michael Noonan (Limerick City, Fine Gael)
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I do not think it would make any difference on this specific issue. It is not that we are opposed in principle. As a matter of fact, we charge 1% on share transactions. That is set at a much higher level than any financial transactions tax proposal that the 11 countries have come up with to date. They have come up with very small amounts and percentages that would apply to share transactions and perhaps some other financial instruments. Stamp duty on shares in Ireland is a measure that is worth €280 million to us.