Written answers
Tuesday, 4 February 2014
Department of Finance
Banking Sector Issues
Michael Healy-Rae (Kerry South, Independent)
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164. To ask the Minister for Finance about the levy on the banks which he announced during the recent budget; it has now been reported that what he proposes could actually be deemed to be illegal; and if he will make a statement on the matter. [5085/14]
Michael Noonan (Limerick City, Fine Gael)
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The levy on financial institutions was introduced in the Finance (No. 2) Act 2013 which was passed by both Houses of the Oireachtas and signed into law by the President. I am not aware of, nor have I received any notice of, legal proceedings in relation to the levy.
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