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Written question asked by Harry Barnes (Labour) on Tuesday, 22 June 1999, in the House of Commons. It was due for an answer on Tuesday, 29 June 1999. It was answered by Patricia Hewitt (Labour) on Tuesday, 29 June 1999 on behalf of the Treasury.


Treasury

Question
To ask Mr Chancellor of the Exchequer, if he will estimate the annual (a) worldwide and (b) UK revenues, assuming international agreement, from a tax on international currency speculation set at (i) 0.1 per cent., (ii) 0.25 per cent. and (iii) 0.5 per cent. - Info at disproportionate cost.
Answer

Mr. Barnes: To ask the Chancellor of the Exchequer if he will estimate the annual (a) worldwide and (b) UK revenues, assuming international agreement, from a tax on international currency speculation set at (i) 0.1 per cent., (ii) 0.25 per cent. and (iii) 0.5 per cent. [88226] Ms Hewitt: The requested information could be provided only at disproportionate cost.


Secondary information

Type
Written question
Reference
88226; 334 c134W
Session
1998-99
Subjects
Currency speculation Taxation Tax yields