TaxCorporate TaxBrown says global bank tax imminent

Brown says global bank tax imminent

Prime Minister announces the world's most influential countries are close to endorsing a tax on banks

Gordon Brown has said the world’s leading economies were on the verge of
agreeing a global bank tax.

The Prime Minister hopes the deal can be cemented at the G20 summit in Canada
in June.

Mr Brown believes that the global consensus is now in favour of a worldwide
tax after President Barack Obama’s offensive last month which hopes to raise
$90bn (£57.7bn) from a US bank levy,
the
FT reported
.

Further reading:

US
plotting overseas tax break clampdown

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