This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
Dublin: 7 °C Friday 18 October, 2019

Poll: Should Ireland introduce a financial transaction tax?

Finance Minister Michael Noonan has rejected the introduction of a tax on financial market transactions but what do you think of the idea?

Image: Dominic Lipinski/PA Archive/Press Association Images

FINANCE MINISTER MICHAEL Noonan has ruled out Ireland joining 11 other eurozone countries in introducing a common tax on financial market transactions.

Noonan said that the introduction of a financial transaction tax – or ‘Robin Hood’ tax as it is known – would potentially see Ireland lose jobs to the UK – where the tax will not be introduced. Broadly the measure involves a small levy on currency market transactions as well as trading in shares, bonds and derivatives with 11 countries including France and Germany set to adopt it.

It has been estimated that the tax could yield as much as €57 billion if introduced on a EU-wide basis but the concern for Ireland is that its introduction could undermine its competitiveness and see jobs transferred to the UK and other countries.

So today we want to know, should Ireland introduce a financial transaction tax?

Poll Results:

No (862)
Yes (546)
Don't know (436)

Read: Noonan rejects Tobin tax over fear of jobs losses

Column: The financial transaction tax is a must for Ireland’s future

  • Share on Facebook
  • Email this article

About the author:

Hugh O'Connell

Read next:


This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a commentcancel