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Article: United Kingdom : Britain and US Clash at G-20 on Tax to Insure Against Crises.
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
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Byline: Mamta03
Group of 20Prime Minister Gordon Brown of Britain, leading a meeting here of finance ministers from the Group of 20 rich and developing countries, said such a tax on banks should be considered as a way to take the burden off taxpayers during periods of financial crisis. His comments pre-empted the International Monetary Fund, which is set to present a range of options next spring to ensure financial stability.
But the proposal was met with little enthusiasm by the United States Treasury secretary, Timothy F. Geithner, who told Sky News in an interview that he would not support a tax on everyday financial transactions. Later he seemed to ...