Smoky Mountains Sunrise

Wednesday, February 10, 2010

Global Bank Tax Near, says Brown


From The Financial Times
By George Parker and Lionel Barber

Gordon Brown said on Wednesday the world’s leading economies were close to agreeing a global bank tax, amid hopes in Downing Street that a deal can be concluded at the G20 summit in Canada in June.

Mr Brown believes that opinion has shifted decisively in favour of a globally co-ordinated tax after President Barack Obama’s move last month to raise $90bn (£57.7bn) from a US bank levy.

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