TaxAdministrationIMF to look again at Tobin tax

IMF to look again at Tobin tax

International Monetary Fund to consider whether tax could deter risk taking

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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