Minister Noonan stopped by the Finance Committee at the start of November to give us a briefing before the latest EcoFin meeting on November 5th and 6th.
Items up for discussion include:
- Parent Subsidiaries Directive: a proposal for a Council Directive amending Directive 2011/96/EU on the common system of taxation applicable in the case of parent companies and subsidiaries of different Member States
- Financial Transaction Tax: a proposal for a Council Directive implementing enhanced cooperation in the area of Financial Transaction Tax
- Standard VAT returns: a proposal for a Council Directive amending Directive 2006/112/EC on the common system of value added tax as regards a standard VAT return
- & Climate finance: a preparation of the 20th Conference of Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in Lima from 1 to 12 December 2014
All makes sense, but when I pushed Minister Noonan on the issue of the Financial Transaction Tax things got a little odd. He acknowledged that no analysis had been done on any proposed FTT measures, but refused to instruct his department to perform such analysis on how any proposed Financial Transaction Taxes might affect Ireland.