An IMF report, controversially leaked before last weekend's meeting of G20 finance ministers in Washington, proposes two new global taxes on financial institutions. While the primary target will be the banks who received billions of dollars from national governments, other institutions such as insurance companies and hedge funds will also be required to pay the taxes.
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year