Insurers object to IMF’s global tax plan

As many as 80 insurance companies have petitioned the G20 in opposition to
their inclusion in measures to introduce a global financial service tax.

A lobby group for the insurers have described the proposals as ”
inappropriate and arbitrary”, according to a the Financial Times.

Last week the G20 sort more work from the IMF on its plan for a tax on
financial services companies to cover the cost of bank collapses in the future.

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