"

A potential risk growth hormone: What the financial transaction tax would mean for Ireland, Irish banks and Irish investors

Led by Germany, core EU countries are preparing to tax equity trading. Yet research shows that to reinforce financial stability, policy should instead encourage equity investment and tax debt.

17th Dec, 2019 -8 min read
Listen Now

Constantin Gurdgiev

Economic Columnist

Eleven years after the peak of the global financial crisis, the EU is still struggling to introduce a functional financial transactions tax (FTT). The proposed tax has been held high on the pedestal of reforms allegedly necessary to solve the ills of the banking sector and to decrease systemic risk-taking in the financial markets. Alas, hype is not a substitute for analysis.

FTT-light?

Following years of EU-wide in-fighting over various FTT proposals, ten European Union member states are finally approaching a binding agreement on the subject,

© 2020 Currency Media Limited