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TwinCities.com
Tax for bank rescues hits head winds
ST. ANDREWS, Scotland — The United States and Britain voiced disagreement on Saturday over a proposal that would impose a new tax on financial transactions to support future bank rescues. Full Article at TwinCities.com
Related Articles
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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 today. Full Article at Irish Times
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ST. ANDREWS, Scotland The United States and Britain voiced disagreement Saturday over a proposal that would impose a new tax on financial transactions to support future bank rescues. Full Article at The New York Times
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ST ANDREWS, Scotland (Reuters) - World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax. Full Article at Reuters
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The United States, which posted a record deficit in the last fiscal year, may lose its AAA-rating if it does not reduce the gap to manageable levels in the next 3-4 years, Moody's Investors Service said on Thursday. Full Article at FOX News
Related Quotes
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A day-by-day financial transaction tax is not something we are prepared to support
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We should discuss whether we need a better economic and social contract to reflect the global responsibilities of financial institutions to society
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It cannot be acceptable that the benefits of success in this sector are reaped by the few but the costs of its failure are borne by all of us ... There must be a better economic and social contract between financial institutions and the public based on trust and a just distribution of risks and rewards.
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The Aaa rating of the U.S. is not guaranteed
SOURCE: FOX News
