Friday, June 11, 2010

More information of bank tax -- worldwide levies

What is the bank tax? Local or international?
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"It’s a type of insurance,” Mr. Barroso said." "The European Union wants the upcoming G20 meeting to produce an accord that would raise billions – possibly hundreds of billions – from banks through new worldwide levies."

"Just prior to his private meeting with Mr. Harper, EU Commission President José Manuel Barroso provided a detailed briefing to Canadian reporters – at his invitation – during which he rebutted Canada’s arguments against a tax."

http://www.theglobeandmail.com/news/world/g8-g20/economy/canada-eu-at-loggerheads-over-bank-tax/article1557236/


[Bank tax on profits, or amount of business? Use the word "crisis fund", is this a world fund, or a local fund?]
http://www.newsdaily.com/stories/tre6515fl-us-eu-regulations/
Quote, "He suggested pushing forward with a levy for a crisis fund as well as either a tax on financial transactions or some other step that would pound bank profits, although he admitted this was unlikely to win global backing."

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