Peers' concerns over EU transaction tax

Name: Peers' concerns over EU transaction tax
Uploaded: 2013-03-28T10:32:45.000Z
Duration: 2 min 12 s
Description: The UK could end up having to collect a controversial EU tax on share transactions even though it isn't one of the countries which supports the move, according to members of the House of Lords.

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The UK could end up having to collect a controversial EU tax on share transactions even though it isn't one of the countries which supports the move, according to members of the House of Lords.

They've now written to the government expressing their concerns and setting out why they think there might be legal grounds to challenge the move.

Lord Harrison, Lyndon Harrison, chair of the Lords EU sub-committee on economic and financial affairs, told Today business presenter Tanya Beckett why this is happening.

First broadcast on BBC Radio 4's Today programme on Thursday 28 March 2013.

Business

28 March 2013