International bank tax mulled over

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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