Financial Transaction Tax: Treasury Minister faces Lords questions
31 January 2012
The House of Lords EU Economic and Financial Affairs and International Trade Sub-Committee will hear further evidence about European proposals for a Financial Transaction Tax tomorrow when it questions the Government, and Brussels-based thinktank Re-Define.
- Parliament TV: Financial Transaction Tax
- Inquiry: Financial Transaction Tax
- EU Sub Committee A - Economic and Financial Affairs, and International Trade
Witnesses
Tuesday 31 January, Committee Room 3, Palace of Westminster
At 10.45am
- Sony Kapoor, Managing Director of international think tank Re-Define
At 11.30am
- Mark Hoban MP, Financial Secretary to the Treasury
Sony Kapoor will be asked whether the financial sector is under-taxed and how a financial transaction tax would affect the functioning of international financial markets.
The likelihood of an FTT being introduced, the impact of an FTT on the City of London and the UK as a whole and how broadly the tax should be applied will all be areas that the Committee inquire about.
In addition, the Committee will ask the Financial Secretary about estimated revenues from an FTT and the effect of an FTT on economic growth. The Committee are also likely to ask the Minister about weekend reports about President Sarkozy’s plans for a French tax, proposed to be introduced in August.