Obama ponders bank tax options
US president considers how to tax banks
Barack Obama is mulling over a taxing on US banks, following the government’s
financial support for them.
The US president is considering his options around a tax on banks as Wall
Street institutions line up a round of bonuses.
However he is not expected to look at a banking bonus tax, and a tax on
financial transactions is unlikely.
Instead, he may opt for increasing corporation tax, a tax on the size of the
firm’s balance sheet or a slice of their overall payroll, reports the Daily