IMF proposals for new taxes on financial institutions create controversy

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IMF proposals for new taxes on financial institutions create controversy

April 26 2010

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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