FINANCIAL TRANSACTION TAX

Motion Text

That this House welcomes the vote by the European Parliament in favour of two resolutions on 8 March 2011 proposing the introduction of a Robin Hood tax on financial transactions, clamping down on tax havens and introducing measures aimed at tackling tax evasion; and calls on the Government to introduce urgently legislation that reflects this policy to ensure that the financial sector pays its fair share towards reducing the national deficit.