Baroness Wheatcroft
Main Page: Baroness Wheatcroft (Crossbench - Life peer)Department Debates - View all Baroness Wheatcroft's debates with the HM Treasury
(11 years, 8 months ago)
Lords ChamberMy Lords, the noble Lord needs to understand the difference between a tax which we would levy, where there is a veto, and a tax which we would help collect, of which there are a number of existing examples in EU law and this would be another.
My Lords, does my noble friend agree that a tax which was to some extent a deterrent on frequent trading—for instance, algorithmic trading—might not be such a bad thing if it encouraged long-term investment in shares?