§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer if it is his policy to exercise the British veto in relation to EU proposals to introduce a minimum withholding tax on income from non-resident savings and investments; and if he will make a statement. [71675]
§ Dawn Primarolo[holding answer 22 February 1999] We have made it clear that we will not agree to any proposal which would cause serious damage to EU financial markets. We do not agree with the current draft Directive on the taxation of savings in its current form.