U.K. Lawmakers Urge Tax on High-Frequency Trading

U.K. Lawmakers Urge Tax on High-Frequency Trading

The U.K. government should consider introducing a transaction tax on high-frequency trading to deter very short-term investors, a panel of lawmakers said.

Such a levy could be used to help implement the findings of economist John Kay’s 2012 review of the U.K. equity market, the House of Commons Business, Innovation & Skills Committee said in a report published today. It also called on Prime Minister David Cameron’s government to look into ways of giving preferential voting rights to long-term shareholders during takeovers.

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One Response to U.K. Lawmakers Urge Tax on High-Frequency Trading

  1. Pingback: U.K. Lawmakers Urge Tax on High-Frequency Trading

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