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FF Opposition To Transaction Tax Opportunistic - McNamara

Business & Finance - Economy

Monday, 12 December 2011 12:39
Written by Conor Joyce
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Fianna Fail's call upon the government to resist any financial transaction tax is opportunistic and shows that they have learned nothing, according to Clare Labour TD and member of the Oireachtas Finance Committee, Michael McNamara.

The Scarriff native said that they can always be relied on to speak up for their crony bankers and financiers and to protect them from having to clean up the mess they created.

"In government they penalised the poorest workers in the State with the Universal Social Charge, a measure we have just reversed. The latest Fianna Fail fad is to follow David Cameron's Eurosceptic agenda. Of course, we realise that a transaction tax, like other fiscal harmonisation measures has to be carefully considered. However, there can be no blanket exemptions, least of all for those who contributed most to the mess we're in," said Deputy McNamara.

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