IMF chief calls for taxes on banks and closer oversight

Dominique Strauss-Kahn, managing director of the International Monetary Fund, warned that returning to "business as usual" would be dangerous, as he urged nations to implement taxes on financial institutions as well as tougher supervision. However, Strauss-Kahn struck down the idea of a "Robin Hood tax," saying the IMF prefers a tax on financial activities and a bank levy. "Yes, we believe a tax on the financial sector is useful," he said.

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