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Savings Tax: Eu Directive

Volume 591: debated on Tuesday 30 June 1998

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asked Her Majesty's Government:Whether they are empowered to veto the European Union's proposed directive on the taxation of savings; and, if so, whether they will do so. [HL2363]

The draft directive would have to be agreed by all member states. We are scrutinising the draft directive closely and consulting with interested parties in the City.