Dáil debates
Thursday, 5 July 2012
Financial Transactions Tax
5:00 pm
Finian McGrath (Dublin North Central, Independent)
The ESRI report said there would be a modest increase and the Minister mentioned figures between €490 million and €730 million. Many people in Ireland see that as a nice sum of money to bring in through a financial transaction tax. I am glad the Minister accepts the principle relating to €57 billion across Europe. We need to get everyone on board in Europe and internationally. With the amount of revenue out there and the good it could do, I urge the Minister to push it at EU level and at international level.
Is the Minister 100% sure that, if we did something with the other eight or nine European countries, it would severely damage 33,000 jobs?
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