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:

Email Updates

Receive our lunchtime briefing straight to your inbox

More in this Section

President leads tributes after author and broadcaster Frank Delaney dies

Review ordered into refusal to award bravery medals for Siege of Jadotville

Mother breaks down at inquest recalling moments after 3-year-old son drowned

Storm Doris to be felt around Ireland tonight


Today's Stories

Drowned boy could not use own armbands, father told

Row may have led to man’s death in Fermoy

Fine Gael set to have new leader by Easter

Tusla chief vows no repeat of Maurice McCabe scenario

Lifestyle

It's almost time - so who’ll win the Oscars?

Notes On A Rave explores early days of Irish underground dance music scene

A question of taste: Cork actor and puppeteer Dominic Moore

Whimsical, subversive, darkly romantic: The many styles of Ruth Negga

More From The Irish Examiner