Wednesday, 21 April 2010

IMF proposes global bank tax

Watch out for this:

Last week, the French Banking Federation said banks in that country strongly opposed plans to impose a new tax on banks. "Such a tax would be unjustified and would have serious consequences for the financing of the economy and the competitiveness of companies, and would therefore impact growth," the FBF said in the statement at that time.

I'm with the FBF on this one.