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

Verdict of not guilty by reason of insanity would not belittle memory of Mairead Moran, jury told

Gardaí search for missing woman Margaret Berry

Emergency services dealing with 60km oil spill in Limerick

Taoiseach calls on Adams to comment on guns used in hotel attack


You might also like

Today's Stories

Nurse manager jailed for assault of Áras Attracta resident

Rents up by a third since 2011 low point, report shows

Diabetes more aggressive if diagnosed before age of seven

Love is... the most romantic lines ever in literature and film

Lifestyle

MAKING CENTS: Focus on the rate when shopping for a mortgage

Chinese New Year: In the year of the monkey

Share, share alike: How social media has replaced the traditional diary

Thomas Lynch uses the living and the dead to inspire his poetry

More From The Irish Examiner