We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Dominic Lipinski/PA Archive/Press Association Images
The Daily Poll

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?

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 (547)
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

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.