|Labour Would Hike Taxes On UK Financial Sector
by Amanda Banks, Tax-News.com, London
Monday, May 15, 2017
UK opposition party Labour has said it would increases taxes on financial transactions in the City to raise GBP5bn (USD6.46bn) a year.
The party said that it would extend the 0.5 percent stamp duty tax on shares to include other popular financial assets.
A general election will take place on June 8, with the ruling Conservative Party expected to win by a comfortable margin.