Opinions divided over IMF's bank tax plans
More work needed to agree consensus on IMF's bank tax plans
The globe’s most influential economies failed to agree consenus on the
International
Monetary Fund’s bank tax proposals.
After meetings by the G20 finance ministers saw Canada oppose the two tax
plan, plus other concerned opinions, more discussion is required to thrash out a
plan.
The IMF has proposed a levy on banks, plus a tax on profits/remuneration.
Other plans include overhauling and broadening the definition of capital by
which banks protect themselves from collapse.
Further reading:
IMF’s
banking tax could backfire