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The Treasury says it would only back a financial transaction tax applied globally.
The subsidy money comes from a tax applied to phone bills.
Savings accounts generally have a withholding tax applied, of around 26%-28%-28%
Even people withdrawing small amounts may have 45percentntaxappliedied to their fund.
Ireland's rapid growth was supported by low rates of corporate tax applied to foreign investments.
Only when they reach the cash register is the extra tax applied.
VAT is a consumption tax applied at each stage in the chain of production.
The impact study had assumed the tax applied to all transactions, he said.
In other words, this is a "Pigouvian" tax, applied to an activity that the government wants to reduce.
She asks Byrne how many days the 50p top rate of tax applied under the Labour government.
There is a 15percentt service charge plus an 8percentt state tax applied to the total.
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