Analysis: IMF's proposal for bank taxes shouldn't be dismissed

Proposals for global finance taxes, such as one from the International Monetary Fund, have a long history of going nowhere, according to The Economist. "But any banker tempted to dismiss the fund's proposals as just another bit of idealistic policy-wonkery should think again: governments, most of whom are desperate to plug big holes in the public finances, have now been given a template for raising levies that are lucrative, wildly popular and come with the imprimatur of capitalism's policeman," The Economist notes.

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Economist (free content), The · This Is Money (U.K.) · CTV.ca (Canada)