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EU: Taxation

House of Lords written question – answered on 29th November 2011.

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Photo of Lord Myners Lord Myners Labour

To ask Her Majesty's Government how they are engaging with the European Union on the necessary conditions for an effective financial transactions tax.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

The Government are not against financial transaction taxes (FTT) in principle, but believe that FTT should only be contemplated at a global level.

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