TaxCorporate TaxBasel chief says banking tax is “premature”

Basel chief says banking tax is "premature"

Nout Wellink, chairman of the Basel Committee on Banking Regulation, doubts global banking tax is a good idea

The head of the Basel Committee’s banking regulatory panel has warned it is
too early to hit banks with a
global
tax
.

Nout Wellink said proposals to introduce a global banking tax were ”
premature.”

“I doubt whether this is a good idea. It is born out of frustration. There
are strong political motives behind it,” Wellink told
the
FT
.

Further reading:

Insurers
object to IMF’s global tax plan

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