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GAAP.RUNewsBanks will have to wait

Banks will have to wait

G20 leaders still can’t agree on a unique tax on banks and financial institutions

Publication date: 26 March 2010

G20 countries still disagree on a unique tax on banks and financial institutions with which to protect taxpayers. This was announced yesterday by British Finance Minister Alistair Darling. According to him, England is not ready for one-sided actions at the moment just not to scare away its banks and not to make them run to other countries.

According to Alistair Darling, Britain is ready to introduce the so-called “Tobin tax” on financial transactions, but is not ready to do that on its own, without other G20 countries.