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NERI Seminar Dublin: How much would a Financial Transactions Tax raise?

10 February 2016

The Nevin Economic Research Institute (NERI) will hold a seminar on Wednesday February 10 th 2016. The details are as follows:

Topic: How much would a Financial Transactions Tax raise?

Speaker: Dr Micheál Collins (Nevin Economic Research Institute)

Date: 10 th February 2016

Time: Tea and coffee from 15:50. The seminar will commence at 16:00

Abstract

In 2011 the European Commission outlined proposals for a Europe wide financial transactions tax (FTT). Since then the proposal has been pursued by ten countries under ‘enhanced cooperation’ procedures with plans evolving to introduce the tax during 2016/2017. To date Ireland has not signed up to adopting a FTT.

This paper estimates the revenue that Ireland would collect from participating in the European FTT. Drawing on data from official sources, it first establishes the size of the FTT tax base for Ireland. Subsequently, the paper estimates a baseline tax revenue and considers the robustness of this estimate using a suite of sensitivity tests.

The paper finds that were Ireland to adopt a FTT, the net revenue yield would be between €320m and €360m per annum.

Registration

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Venue

INTO Learning Centre, 38 Parnell Square West, Dublin 1

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