IMF continues to push ideas for global taxes on banks

05/18/2010 | Reuters

A senior official said the International Monetary Fund continues to prefer levying a global deposit-insurance charge or a tax on profits and remuneration of financial institutions to prevent financial crises. As leaders from the Group of 20 prepare to meet in Canada, the IMF is working on proposals for ways to make the financial industry pay for rescue efforts. The IMF's proposals have been controversial, however, with many countries opposing a global tax.

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