Banking Sector

Dáil Éireann Debate, Tuesday - 4 February 2014

Tuesday, 4 February 2014

Ceisteanna (164)

Michael Healy-Rae

Ceist:

164. Deputy Michael Healy-Rae asked the Minister for Finance about the levy on the banks which he announced during the recent budget; it has now been reported that what he proposes could actually be deemed to be illegal; and if he will make a statement on the matter. [5085/14]

Freagraí scríofa

Minister for Finance

The levy on financial institutions was introduced in the Finance (No. 2) Act 2013 which was passed by both Houses of the Oireachtas and signed into law by the President. I am not aware of, nor have I received any notice of, legal proceedings in relation to the levy.