Government under fire for not signing up to financial transaction tax

The government is under fire from several Irish MEPs for not signing Ireland up to the EU financial transaction tax.

The European Parliament gave the green light this week to eleven eurozone countries - excluding Ireland and Britain - to press ahead with the tax.

Finance Minister Michael Noonan has said he won't back the measure as long as it is not supported by the UK, in case that it might affect some of the 33,000 Irish jobs in the financial services sector.

However Labour MEP Nessa Childers insists there is no independent evidence to back up claims of negative effects of the proposed 0.1% tax.

Independent MEP Marian Harkin said that although she understands the government’s concerns, the financial sector must be made to pay for its part in the crisis:

More in this Section

Government urged to help keep Northern Ireland within EU

Gardaí release 'notable detections' as 341 drivers caught speeding on National Slow Down Day

Public encouraged to learn CPR during week of training events

Taskforce on youth mental health criticised for having no seats for young people

Today's Stories

Anthony Foley Funeral: ‘I honestly don’t remember a state funeral as big’

Peter McVerry Trust to double its housing by 2020

Ireland urged to be compassionate to women post-abortion

Hurler to face trial for stealing €93k


Movie reviews: Jack Reacher: Never Go Back, I, Daniel Blake, Queen of Katwe

Charlie Brooker's Black Mirror is reflecting reality

Meet the heroic children with Epidermolysis Bullosa described as 'the worst thing you could live with'

Ask Audrey has been sorting out Cork people for years

More From The Irish Examiner