Noonan: No EU agreement on transaction tax

Finance Minister Michael Noonan said European Union finance chiefs reached no decision on a proposed financial transaction tax at a Brussels meeting today and will return to the issue in the first half of 2012.

Ireland supports such a tax, preferably at the global level or, failing that, in the 27-nation EU, Noonan told reporters in Brussels after the meeting today.

It would be “very onerous” if the tax were imposed in Dublin ...