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http://www.guardian.co.uk/politics/2...-bank-tax-plan
Yet another innovative way to "get funding" by governments. While failing to even attempt cutting cost. Even if its just administrative cost. Needless to say it would be a terrible idea, and where would the taxes go to anyway?
Why I dont get is why tax the banks anyway if they will just get it back in bailout money...
A global bank tax could soon be agreed by the world's leading economies as a response to last year's financial crisis, Gordon Brown said today.
"Support is building" for a deal to potentially tax the international financial services sector to the tune of tens of billions of pounds, the prime minister said in an interview in today's Financial Times.
Brown said he hoped a deal would be hammered out at the G20 summit in *Canada in June, glossing over the *possibility that he may not be in charge by then.
He insisted he was not attacking banks or their wealthy employees for ideological reasons, but to raise funds.
The prime minister said those with the "broadest shoulders" should pay more, and insisted that the tax would raise "a substantial amount of money". But he admitted that many high flyers would do their best to avoid paying, and so the amount raised would be "not as high as you would like it to be".
He defended the new 50p top rate of tax, saying the government did not want to introduce it, but that needs must. "We have no desire to have a tax rate that is higher than necessary," he said.
Quite how a global tax would work is unclear, but Brown said he thought the International Monetary Fund would propose a method that would be "somewhat different" from the tax on wholesale funding proposed by Barack Obama.
"Support is building" for a deal to potentially tax the international financial services sector to the tune of tens of billions of pounds, the prime minister said in an interview in today's Financial Times.
Brown said he hoped a deal would be hammered out at the G20 summit in *Canada in June, glossing over the *possibility that he may not be in charge by then.
He insisted he was not attacking banks or their wealthy employees for ideological reasons, but to raise funds.
The prime minister said those with the "broadest shoulders" should pay more, and insisted that the tax would raise "a substantial amount of money". But he admitted that many high flyers would do their best to avoid paying, and so the amount raised would be "not as high as you would like it to be".
He defended the new 50p top rate of tax, saying the government did not want to introduce it, but that needs must. "We have no desire to have a tax rate that is higher than necessary," he said.
Quite how a global tax would work is unclear, but Brown said he thought the International Monetary Fund would propose a method that would be "somewhat different" from the tax on wholesale funding proposed by Barack Obama.
Why I dont get is why tax the banks anyway if they will just get it back in bailout money...
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