Taxing somebody other than taxpayers
Prime 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.
Business / Global Business
Britain and U.S. Clash at G-20 on Tax to Insure Against Crises
By JULIA WERDIGIER
Published: November 8, 2009
Gordon Brown of Britain told G-20 finance ministers that the world needed a system to force banks, not taxpayers, to cover future bailouts.