Tax on the City of London a step closer
A new tax on the City of London, controlled by the EU, has come a step closer after Labour MEPs backed a European Parliament call for an EU Financial Transaction Tax, Vicky Ford MEP, Conservative economics spokesman, warned today.
The Podimata report, backed by Euro-MPs today, will influence the European Commission, which is expected to come forward with proposals for EU tax-raising powers shortly.
As well as an EU FTT, the
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