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Home News Newsflash EU on the formation of a global tax on financial transactions
EU on the formation of a global tax on financial transactions PDF Print E-mail
Written by Darii Sined   
Sunday, 13 December 2009 20:18

EU leaders plan to encourage the International Monetary Fund (IMF) to consider the possibility of introducing a global tax on financial transactions, the model of Tobin tax, according to a draft text that is going to take it Friday.

Text "encourages the Fund to consider placing" a duty to be introduced worldwide on financial transactions.

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In late November, the IMF deputy managing director John Lipsky, announced that it is considering a tax on financial transactions, given that in September, the IMF was tasked by the G20 to examine ways to lead banks to assume the "burden "emergency measures that have benefited.

Meanwhile, the EU invites "the financial sector to give immediate effect to healthy practices in terms of pay and encourage European states without delay to consider possible short-term solutions."

"Financial sector remuneration policies must foster a healthy and effective risk management," reads the draft text, quoted by AFP.

However, the resume does not explicitly supported the idea of French President Nicolas Sarkozy and British Prime Minister Gordon Brown to have established a global tax on bonuses.

The two leaders pledasera Thursday, December 10, in favor of building a global tax on bonuses, but a tax on financial transactions.

Source: INTACT MEDIA GROUP


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