Currency Speculation: Taxation
(asked on 10th September 2018) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of introducing a Spahn tax on currency transactions.
This question was answered on 14th September 2018
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.