The Government warned yesterday that the UK’s decision to opt-out of new fiscal integration settings across Europe could have “serious consequences” for the future of the financial services industry in Ireland.
But the decision by the Prime Minister of United Kingdom Ireland “important new Board” to recovery “if we are smart enough to understand it”, has also been proposed.
The agreement reached in Brussels last week will probably see new financial transactions tax that applies to Britain, 26.
Michael McGrath yesterday that the decision could have serious consequences for what was an important industry here.
“The financial services industry are very mobile and we cannot allow a situation where London is the basis of the more interesting than Ireland because of a new tax,” he said.