Apr 19, 2010
The highly debated issue of a new international tax imposed on banks has suffered a delay, after European Union (EU) Finance Ministers failed to reach a decision on how such a measure should be imposed, at a recent round of discussions. In a meeting of EU Finance Ministers held on April 17th in Madrid, discussions [...]
The highly debated issue of a new international tax imposed on banks has suffered a delay, after European Union (EU) Finance Ministers failed to reach a decision on how such a measure should be imposed, at a recent round of discussions.
In a meeting of EU Finance Ministers held on April 17th in Madrid, discussions were hosted on the possible implementation of an international bank tax. Upon closing of the meetings it was revealed that no conclusion was reached regarding bank taxes, ... Read More
Apr 13, 2010
The Swiss Government is currently investigating the possibility of implementing new tax measures for banks, levied on risk and excessive employee-bonus payments. A Swiss Parliamentary committee is currently examining proposals on how to lower risk-taking and add extra stability to the nation’s banking sector. The committee is due to submit a final report with its [...]
The Swiss Government is currently investigating the possibility of implementing new tax measures for banks, levied on risk and excessive employee-bonus payments.
A Swiss Parliamentary committee is currently examining proposals on how to lower risk-taking and add extra stability to the nation’s banking sector. The committee is due to submit a final report with its recommendations before April 23rd. While most measures discussed within the report are expect to be revealed only upon its final release, two possible taxation measures have been announced ... Read More
Apr 1, 2010
Governments worldwide are giving increasing indication that they will soon begin to instate some form of financial transaction tax or bank levy in an effort to bolster national budgets, reduce financial speculative activity and provide fiscal reserves for future bailouts and financial crises. Public pressure and media attention has helped the idea of a new [...]
Governments worldwide are giving increasing indication that they will soon begin to instate some form of financial transaction tax or bank levy in an effort to bolster national budgets, reduce financial speculative activity and provide fiscal reserves for future bailouts and financial crises.
Public pressure and media attention has helped the idea of a new set of bank taxes rise from a short discussion at the 2009 G20 Pittsburg Summit to a key consideration for major economies worldwide. France, Germany and the UK ... Read More
Jan 15, 2010
US President Barack Obama has proposed a new tax on financial institutions that could raise USD117 billion to repay the financial crisis bailout payouts. In a speech on January 14th Barack Obama announced his intention to instate the Financial Crisis Responsibility Fee (FCRF), a tax which would be levied on financial institutions with over USD50 [...]
US President Barack Obama has proposed a new tax on financial institutions that could raise USD117 billion to repay the financial crisis bailout payouts.
In a speech on January 14th Barack Obama announced his intention to instate the Financial Crisis Responsibility Fee (FCRF), a tax which would be levied on financial institutions with over USD50 billion in consolidated assets. Under the new tax applicable organizations would be taxed at a rate equal to 0.15 percent of their total assets less high-quality capital and ... Read More
