World leaders consider transaction tax
09/11/2009
A global tax on transactions is currently being investigated by the International Monetary Fund which will report on the proposal to the G20 meeting of world leaders.
The prime minister of Great Britain, Gordon Brown told the meeting of leaders in Scotland that a global tax on transactions was needed for “a better economic and social contract to reflect the global responsibilities of financial institutions to society.
Australia’s treasurer Wayne Swan said the tax was being supported by countries that had to bail out their banks, a situation that did not happen in Australia.
Source: The Age
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