IMF to look again at Tobin tax

The head of the International Monetary Fund has said he will look again at the possibility of introducing a tax on all financial transactions.

Dominique Strauss-Kahn told the Confederation of British Industry conference on Monday that the measure – otherwise known as a Tobin tax – should be considered.

His comments are viewed as a change on earlier remarks which suggested the IMF chief believed a tax on all transaction was unworkable.

The UK, German and French governments have all supported the idea.

Strauss-Kahn is reported in The Guardian saying the IMF would look at whether tax measures could deter excessive risk taking in financial services.

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