§ Lord Stoddart of Swindon
asked Her Majesty's Government:
Further to the comment by Lord McIntosh of Haringey on 2 December (H.L. Deb., col. 915), whether in September 1998 the Government indicated that the threat of a withholding tax was resulting in a flow of money away from the European Union, particularly from London. [HL368]
§ Lord McIntosh of Haringey
The Government's position on this directive was set out in its paper of September 1999 entitledInternational bonds and the draft Directive on Taxation of Savings, a copy of which is available in the Library.