Global support for a tax on banks is growing, says Gordon Brown

Guardian UK ^ | 11 February 2010 | Helen Pidd

[Lorianne]

Prime minister predicts financial deal by G20 in June ___ global bank tax could soon be agreed by the world's leading economies as a response to last year's financial crisis, Gordon Brown said today.

"Support is building" for a deal to potentially tax the international financial services sector to the tune of tens of billions of pounds, the prime minister said in an interview in today's Financial Times.

Brown said he hoped a deal would be hammered out at the G20 summit in ­Canada in June, glossing over the ­possibility that he may not be in charge by then.

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[Lorianne]

He insisted he was not attacking banks or their wealthy employees for ideological reasons, but to raise funds

.. oh, thats all right then.

[GeronL]

If thats true, support growing, and thats not something I’d say the GUARDIAN wouldn’t lie about, then its because people are freaking stupid.

[Myrddin]

Idiot socialists at work

[Norman Bates]

Banks employ people, too.

[Monorprise]

Based upon my understanding of how modern banking works, a tax on banks would only result in higher interest rates and/or greater risk taking.

[LachlanMinnesota]

To whom would the taxes be paid?

Would we have the right to select the representatives to this august world body?

This should not happen.