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Geneva Association issues letter opposing proposed financial stability tax

  • Alston & Bird LLP
  • -
  • Global
  • -
  • April 29 2010

Tuesday, the Geneva Association issued a letter to the Finance Ministers and Central Bank Governors of the G-20 expressing its disapproval with the inclusion of insurance companies in the International Monetary Fund's (IMF) proposed financial stability tax

IMF proposes bank taxes to fund future bailouts

  • Alston & Bird LLP
  • -
  • Global, USA
  • -
  • April 22 2010

On Tuesday, the International Monetary Fund (IMF) issued a report to G-20 governments proposing new taxes on banks in order to fund future bailouts, echoing initiatives proposed in the U.S., the U.K. and the E.U