Savers could pay for Turner's Tobin tax

York, Nicola
September 2009
Money Marketing;9/3/2009, p7
The article reports that Investment Management Association has warned that the bank tax proposal of Financial Services Authority (FSA) chairman Lord Turner could end up being paid for by savers in Great Britain. It mentions that Turner delved into the idea that higher capital trading will be a powerful tool in eliminating excessive profits and activities in the sector. It affirms that many experts in the financial sector consider the idea to tax bank transactions as absurd.


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