International bank tax mulled over
Banking tax could be introduced
Banking tax could be introduced
An international tax on banks is on the drawing board, with the International
Monetary Fund looking at proposals.
Dominique Strauss-Kahn, managing director of the International Monetary Fund,
suggested during questions at the IMF’s annual meeting that a bank tax was on
the agenda, although a transactional or Tobin Tax was unlikely, reported
the Telegraph.
“Having special funding coming from the financial sector is something we’ll work
on,” said Strauss-Kahn.
But he added that a Tobin tax was impractical and simplistic.
“It’s a question asked by the G20 and we think it’s a very valid question,”
said its deputy managing director John Lipski.
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