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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Financial Transaction Tax: Discussion with Department of Finance (2 Oct 2013)

Ciarán Lynch: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Financial Transaction Tax: Discussion with Department of Finance (2 Oct 2013)

Ciarán Lynch: Taking on board what Ms McVeigh said, there certainly seems to be a level of reservation in the Department of Finance and in the Government on this issue. If it were to proceed, has some consideration been given the sort of negative results which might arise? Will there be relocation of financial services from the EU? Will tax avoidance measures arise? Will this reduce the trading volume...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Financial Transaction Tax: Discussion with Department of Finance (2 Oct 2013)

Ciarán Lynch: If we remain outside the FTT and the other 11 member states go ahead with it, is Ms McVeigh saying there will be an impact?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Financial Transaction Tax: Discussion with Department of Finance (2 Oct 2013)

Ciarán Lynch: If one was to look at a map of the world, the Irish Financial Services Centre should not have taken off in Dublin. A global leader in financial services - London - is less than one hour's flight away but we are uniquely different from London and financial services have worked for that reason as well as others. The predominant reason is that this is an English speaking country which is in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Financial Transaction Tax: Discussion with Department of Finance (2 Oct 2013)

Ciarán Lynch: Has any of the analysis shown that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Financial Transaction Tax: Discussion with Department of Finance (2 Oct 2013)

Ciarán Lynch: It is not in the eurozone.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (2 Oct 2013)

Ciarán Lynch: The committee is now in public session. We are dealing with item No.7 on our agenda, the recording of decisions taken at the EU scrutiny sub-committee meetings of 19 June, 23 July and 02 October 2013. This item is purely technical as the committee wishes to read into the public record the recommendations agreed at the sub-committee meetings. At the meeting of 19 June, it was recommended...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Financial Transaction Tax: Discussion with Department of Finance (2 Oct 2013)

Ciarán Lynch: We will now move on to item No. 8, which is scrutiny of COM (2013) 71, a proposal for a Council Directive implementing enhanced co-operation in the area of financial transaction tax. In doing so, I would like to welcome Ms Brenda McVeigh, Mr. Seamus Milne and Mr. Liam Smith from the Department of Finance and from the Revenue Commissioners, Mr. Jim Byrne, Mr. Brian Doyle and Ms Marie Hurley....

Written Answers — Department of Social Protection: Invalidity Pension Appeals (1 Oct 2013)

Ciarán Lynch: 379. To ask the Minister for Social Protection when a determination will be made on an appeal for invalidity pension in respect of a person (details supplied) in County Cork; and if she will make a statement on the matter. [40611/13]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: I will allow the Deputy to ask a supplementary question later.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: I thank the Governor, who, despite the statement in our note to the effect that he was to attend with his colleagues, turned up on his own to deal with us, as usual. The committee members appreciate his having made himself available for an extensive period this afternoon. As he knows, the target figure is moving to 35% in October, and 15% at the end of the year. We have signalled to the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: The Governor and the Senator may continue their collegial academic discussion-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: Yes, you may.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: I will also allow Deputy Boyd Barrett in, as I wish to wrap things up.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: Deputy Spring should note that he is running out of time and should finish.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: The Deputy has had over six minutes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: The Deputy is getting it wrong at the moment because he is last on the list of speakers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: I need to be excused for a couple of moments. Deputy Kieran O'Donnell will take the Chair in my absence, with the permission of the committee. I will return shortly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: That is the Deputy's final question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Matters Relating to the Economy: Discussion with Governor of Central Bank (25 Sep 2013)

Ciarán Lynch: Excuse me; sorry. I must say to members that if their priority question is going to be their last question, they will run out of time. The Deputy should have asked his main question earlier. We are now at 17 minutes and the limit is 15. I must move on to the next contributor.

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