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British Prime Minister Gordon Brown certainly caused a stir at the G20 finance ministers meeting in St Andrews when he suggested a tax on financial transactions, sometimes called a Tobin tax after the Nobel Prize winning economist James Tobin. Full Article at BBC News
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PARIS - The International Monetary Fund is exploring the idea of making banks pay insurance fees to fund any future rescues in the sector, IMF managing director Dominique Strauss-Kahn said on Sunday. Full Article at Financial Post
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G20 considers a plan to make banks more accountable by taxing financial transactions. Full Article at The Daily Telegraph
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Gordon Brown has raised the possibility of a new global tax on banks as a repayment for the billions of pounds of taxpayers money they have received. Full Article at Times Online
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Brown Puts 'Tobin Tax' Back On G20 Agenda Mark Kleinman November 07, 2009 11:16 AM Recommend post (0) The Prime Minister's speech just now at the G20 finance ministers' meeting in Fife seems to me to be a significant evolution of his thinking about how... Full Article at Sky News
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it is fair to say that we agree that we have to build a system in which taxpayers are not exposed to risk of loss in the future
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A day-by-day financial transaction tax is not something we are prepared to support
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There have been proposals for an insurance fee to reflect systemic risk or a resolution fund or contingent capital arrangements or a global transactions levy
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No, that's not something that we're prepared to support.
