Kevin Humphreys (Dublin South East, Labour)
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Question 211: To ask the Minister for Finance if any economic impact assessment has been carried out by him into the introduction of a possible financial transaction tax here either independently by ourselves, or taking into account an EU Commission proposal for such a financial transaction tax; if he will consider commissioning such an equality impact statement in order that policy makers and legislators have some research available to inform debate; and if he will make a statement on the matter. [24882/12]

Kevin Humphreys (Dublin South East, Labour)
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Question 214: To ask the Minister for Finance if he will sanction the undertaking of an economic impact assessment on the introduction of a financial transaction tax rate that would apply a tax of 0.1% on shares and bonds, and a tax of 0.01% on derivatives as has been proposed by the European Union Commission and which is likely be introduced under the EU's enhanced cooperation procedure from 1 January 2014, to ascertain the affect such a policy would have here and on our financial industry; and if he will make a statement on the matter. [25000/12]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 211 and 214 together.

I understand the ESRI and the Central Bank have finalised an assessment of the impact of any potential Financial Transactions Tax. The assessment will be reviewed within the Department and I will consider making it available in due course. I thank the ESRI and the Central Bank for the work they have put into the assessment. The Deputy may be aware that the EU Commission published its own impact assessment when it issued the draft proposal to introduce a Financial Transactions Tax. This assessment is available at http://ec.europa.eu/taxation_customs/resources/documents/taxation/other_taxes/financial_sector/summ_impact_assesmt_en.pdf.