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Written question asked by David Drew (Labour) on Thursday, 14 January 2010, in the House of Commons. It was due for an answer on Monday, 18 January 2010. It was answered by Stephen Timms (Labour) on Thursday, 8 April 2010 on behalf of the Treasury.


Banks: USA

Question
To ask the Chancellor of the Exchequer what representations he has made to the US authorities on the effect on UK banks in which the Government have a stake operating in the US of the new taxation arrangements in that country; and whether he plans to make such arrangements reciprocal.
Answer

On 14 January the US announced the "Financial Crisis Responsibility Fee", which the Government are studying closely. This is a matter for the US authorities and UK banks will be working with them to understand the impact of the proposal as it passes through Congress.


Secondary information

Type
Written question
Reference
508 c1592W; 311948
Session
2009-10
Subjects
Banks USA
Link
View this Written question on www.publications.parliament.uk