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Financial Services: Taxation

Treasury written question – answered on 17th October 2011.

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Photo of William Bain William Bain Shadow Minister (Scotland)

To ask the Chancellor of the Exchequer what his policy is on the adoption of a financial transactions tax by the (a) G20 and (b) G77.

Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury

The Government believes that any financial transaction tax would have to apply globally to avoid transactions simply relocating to those countries not applying the tax.

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