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Written question asked by Chris Ruane (Labour) on Monday, 10 September 2018, in the House of Commons. It was due for an answer on Wednesday, 12 September 2018. It was answered by John Glen (Conservative) on Friday, 14 September 2018 on behalf of the Treasury.


Currency Speculation: Taxation

Question

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of introducing a Spahn tax on currency transactions.

Answer

The Government has made no assessment of introducing a Spahn tax on currency transactions.

As per the Exchange Equalisation Account Act 1979, the Government’s official reserves are available for checking undue fluctuations in the exchange value of sterling.


Secondary information

Type
Written question
Reference
172452
Session
2017-19
Subjects
Currency speculation Taxation
Link
View this Written question on www.parliament.uk