Dublin seminar on financial services

Concerns about possible tax hikes will be raised later at a seminar on Dublin's ranking in the global financial services market.

Dublin's international ranking has dropped dramatically in recent months from 10th to 23rd place.

The conference, organised by Dublin City Council, will discuss how to improve the IFSC.

Peter Finnegan of Dublin City Council says some experts believe our favourable employee tax environment is part of the city's attractiveness for businesses like Google and Facebook.