TaxCorporate TaxGerman finance chief to renew calls for bank levy

German finance chief to renew calls for bank levy

Wolfgang Schäuble will make another attempt to enforce a banking levy after failing to convince his G20 peers

The European Commission

Germany’s finance Minister Wolfgang Schäuble will make another attempt to
enforce a banking levy after being shot down at the G20 summit meeting last
month.

No consensus was reached on the introduction of a global financial
transactions tax at the G20 summit meeting in Toronto, but Schäuble will renew
calls to the European Commission.

Schäuble announced the plans in the German parliament,
tax-news.com
reported
, adding that he and French finance minister Christine Lagarde will
jointly urge the European Commission to draft proposals for a European financial
transactions tax.

Further reading:

$19bn
banks tax looms in the US

Success
of bank levy scheme hangs on G20

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