text_body: --- DIVISION TITLE ---
  
  Finance Bill - Clause 73 - Financial Transaction Tax
  
  --- MOTION EFFECT ---
  
  
  @ MP voted aye to require the chancellor to review the possibility of introducing a bank financial transaction tax and how the revenue raised could be spent on tackling unemployment and reducing poverty. 
  @ MP voted no against requiring the chancellor to review the possibility of introducing a bank financial transaction tax and how the revenue raised could be spent on tackling unemployment and reducing poverty
  
  The majority of MPs voted against requiring the chancellor to review the possibility of introducing a bank financial transaction tax and against requiring him to report on how the additional revenue raised would be invested on tackling unemployment and reducing poverty.
  
  MPs were considering the Finance Act[1]. The amendment rejected in this vote was:
  : Amendment proposed: 31, page 42, line 30, at end insertâ
  
  : â(2) The Chancellor of the Exchequer shall review the possibility of incorporating a bank financial transaction tax within the bank levy, levied on trading in financial products including stocks, bonds, currencies, commodities, futures and options and publish a report within six months of the passing of this Act, on how the additional revenue raised would be invested to tackle unemployment and reduce poverty in the United Kingdom and to assist in tackling deprivation in the developing world
  
  This subsection would have been added to clause 73 of the Finance Bill which is titled "Bank Levy"[2]. The Bank Levy itsself is provided for by Schedule 19 of the Finance Act 2011[3]; it raises a tax on banks based on their total applicable liabilities and equities. 
  
  
  * [1] [http://services.parliament.uk/bills/2010-11/financeno3.html Parliament's webpage on the Finance Bill]
  * [2] [http://www.publications.parliament.uk/pa/bills/cbill/2010-2012/0200/cbill_2010-20120200_en_8.htm#pt5-l1g73 Clause 73 of the Finance Bill as at the time of the vote]
  * [3] [http://www.legislation.gov.uk/ukpga/2011/11/schedule/19/enacted Schedule 19 of the Finance Act 2011 which provides for the Bank Levy]
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  