IMF Hedge Funds Tax
IMF Proposes Two New Taxes on Hedge Funds and Banks
All institutions would pay a bank levy - initially at a flat-rate - and also face a further tax on profits and pay.
The measures are designed to make banks pay for the costs of future financial and economic rescue packages.
The IMF documents were made available to governments of the G20 group of nations on Tuesday afternoon and seen by the BBC soon afterwards. The plans will be discussed by finance ministers this weekend.
"The proposals are likely to horrify banks, especially the proposed tax on pay," our business editor said.
"They will also be politically explosive both domestically and internationally."
Insurers, hedge funds and other financial institutions must also pay the taxes, the IMF argues, despite them being less implicated in the recent crisis.
Related to: IMF Hedge Funds Tax
- Hedge Fund Tracker Tool
- Fund Marketing and Sales Advice
- Top Hedge Fund Managers
- Free Online Hedge Fund Videos
- Careers & Employment Guide
- Hedge Fund Holdings & Securities Analysis
- Hedge Fund Terminology
- Geographical Guides
- Hedge Fund Startup Tools
Tags: IMF Hedge Funds Tax, IMF hedge funds, hedge funds international monetary funds, IMF hedge funds tax, hedge funds taxes, IMF taxes, banks
Link to This Resource: IMF Hedge Funds Taxhttp://richard-wilson.blogspot.com/2010/04/imf-hedge-funds-tax.html