HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » Weekend Economists and th... » Reply #31

Response to Demeter (Original post)

Sat Jun 23, 2012, 07:39 AM

31. Noonan rules out tax on financial transactions {ireland}

http://www.irishtimes.com/newspaper/finance/2012/0623/1224318510607.html

MINISTER FOR Finance Michael Noonan said Ireland will not adopt a new European tax on financial transactions. Under Denmark’s presidency of the EU, talks were set in train to introduce such a tax in a limited number of countries.

Although the Minister left the door open to participate in a slimmed-down tax scheme, he made it clear to his EU counterparts that Ireland would not adopt a full-blown transaction tax along the lines proposed by the European Commission.

“The proposals being made are not acceptable to us, in particular if they are applied to fewer than 27 [/[member states],” Mr Noonan said in a public debate with other ministers in Luxembourg. “We would look in detail at any proposals that are developed but at the moment we wouldn’t participate.”

He noted Ireland already imposes stamp duty on share transactions and said the Government was not convinced of the case to go beyond that point. The commission’s proposal would impose a tax on a much wider variety of transactions, including trades in financial derivatives.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 76 replies Author Time Post
Demeter Jun 2012 OP
Demeter Jun 2012 #1
Demeter Jun 2012 #2
Demeter Jun 2012 #11
Demeter Jun 2012 #13
Demeter Jun 2012 #20
Demeter Jun 2012 #3
Demeter Jun 2012 #4
Demeter Jun 2012 #5
Demeter Jun 2012 #7
Demeter Jun 2012 #8
Demeter Jun 2012 #6
Demeter Jun 2012 #16
Demeter Jun 2012 #17
Po_d Mainiac Jun 2012 #22
westerebus Jun 2012 #45
Demeter Jun 2012 #46
westerebus Jun 2012 #68
Po_d Mainiac Jun 2012 #58
westerebus Jun 2012 #67
Demeter Jun 2012 #9
Demeter Jun 2012 #10
Demeter Jun 2012 #12
Demeter Jun 2012 #14
Demeter Jun 2012 #15
Demeter Jun 2012 #18
Demeter Jun 2012 #19
Demeter Jun 2012 #21
Demeter Jun 2012 #23
Demeter Jun 2012 #24
Demeter Jun 2012 #25
Demeter Jun 2012 #26
xchrom Jun 2012 #27
DemReadingDU Jun 2012 #29
Demeter Jun 2012 #33
xchrom Jun 2012 #34
Tansy_Gold Jun 2012 #59
Demeter Jun 2012 #35
DemReadingDU Jun 2012 #38
Demeter Jun 2012 #40
Fuddnik Jun 2012 #44
Fuddnik Jun 2012 #42
DemReadingDU Jun 2012 #43
DemReadingDU Jun 2012 #28
Demeter Jun 2012 #36
Tansy_Gold Jun 2012 #60
xchrom Jun 2012 #30
Demeter Jun 2012 #32
LineReply Noonan rules out tax on financial transactions {ireland}
xchrom Jun 2012 #31
Demeter Jun 2012 #37
Demeter Jun 2012 #39
Demeter Jun 2012 #41
Demeter Jun 2012 #47
Demeter Jun 2012 #48
Demeter Jun 2012 #49
westerebus Jun 2012 #69
Demeter Jun 2012 #65
Demeter Jun 2012 #50
Demeter Jun 2012 #51
Demeter Jun 2012 #52
DemReadingDU Jun 2012 #56
Demeter Jun 2012 #53
Fuddnik Jun 2012 #55
Po_d Mainiac Jun 2012 #57
Hotler Jun 2012 #71
Demeter Jun 2012 #72
Fuddnik Jun 2012 #54
Ghost Dog Jun 2012 #61
Demeter Jun 2012 #62
Ghost Dog Jun 2012 #63
Demeter Jun 2012 #66
Fuddnik Jun 2012 #70
Demeter Jun 2012 #73
Fuddnik Jun 2012 #75
Demeter Jun 2012 #64
Demeter Jun 2012 #74
Demeter Jun 2012 #76
Please login to view edit histories.