Nov 7th, 2009 - Bloomberg
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Nov. 7 (Bloomberg) -- Group of 20 governments split onwhether to tax financial speculation as part of a broaderstrategy to ensure the global economy’s expansion is lesscrisis-prone.
U.K. Prime Minister Gordon Brown told a meeting of G-20finance chiefs in St. Andrews, Scotland today that such a levycould prevent excessive risk taking and fund future bankrescues, adding momentum to a debate begun by France. TreasurySecretary Timothy Geithner said a “day-by-day” tradingtax is “not something we’re prepared to support.”
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G-20 Splits on Tobin Tax, Signals Banks Should Cover Bailouts
Nov 8th, 2009 - Bloomberg
Nov. 9 (Bloomberg) -- Group of 20 governments signaledbanks will be forced to cover a greater cost of future bailoutseven as they split over whether that should be achieved bytaxing financial trading.Geithner, Brown Split on Tobin Tax at Group of 20 Meeting
Nov 7th, 2009 - Bloomberg
Nov. 8 (Bloomberg) -- Group of 20 governments split onwhether to tax financial trading as part of a broader strategyto ensure the global economy’s expansion is less crisis-prone. U.K...
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