TaxCorporate TaxInternational bank tax mulled over

International bank tax mulled over

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.

Further reading:

Read
the Telegraph’s story

Related Articles

Markets expected to respond positively to US policy changes

Corporate Tax Markets expected to respond positively to US policy changes

7m Alia Shoaib, Reporter
Banks’ £135m tax avoidance scheme shutdown by authorities

Corporate Tax Banks’ £135m tax avoidance scheme shutdown by authorities

2y Fraser Simpson, Reporter
HMRC protects £45m in second Abbey National avoidance case

Corporate Tax HMRC protects £45m in second Abbey National avoidance case

2y Calum Fuller, Reporter
#AS2014: Banks hit with £3.5bn rap on knuckles

Corporate Governance #AS2014: Banks hit with £3.5bn rap on knuckles

3y Chris Warmoll, Writer
UK’s banks pay 71% of profits in tax

Corporate Tax UK’s banks pay 71% of profits in tax

4y Calum Fuller, Reporter
Tax naming and shaming could be extended to banks under HMRC plans

Corporate Tax Tax naming and shaming could be extended to banks under HMRC plans

5y Calum Fuller, Reporter
Colin: Lifeline for Tobin?

Corporate Tax Colin: Lifeline for Tobin?

5y Taking Stock
Barclays’ tax avoidance division generated £1bn annually

Corporate Tax Barclays’ tax avoidance division generated £1bn annually

5y Calum Fuller, Reporter