IMF proposes two new taxes on banks to the G-20 to fund future bailouts
Apr 21st, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The IMF (International Monetary Fund) has proposed to the G-20 (Group of Twenty) leading advanced and emerging countries of the world, that banks should pay two taxes: a bank levy - initially at a flat-rate - on a balance sheet value and also a further tax on profits and pay, to fund future bailouts.