Fund calls for two taxes on banks


The IMF has proposed two bank taxes ahead of the G20 finance ministers' meeting that will take place in Washington, D.C. later this week.

The report, dated 16 April, but leaked on Tuesday, emphasised that international consensus on these measures would be key, but need not be exhaustive. "Effective cooperation does not require full uniformity, but broad agreement on the principles, including the bases and minimum rates of [the two taxes]," it said.

The Fund suggested two types of bank levy. The

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