Canada to oppose global bank tax
Paul Vieira, Financial Post
Published: Thursday, February 18, 2010
OTTAWA -- Canada will officially oppose international efforts to get the world's major economies to impose a global bank tax, government sources tell the Financial Post.
This could potentially ignite a major divide among Group of 20 leaders at their summit meeting in Toronto this summer, and further thwart efforts to implement uniform financial regulations in the post-recession era.
Senior Canadian officials are in the midst of crafting a public response to be released shortly, say sources with knowledge of the plan. An official response is required, they say, due to recent public musings from Gordon Brown, the British Prime Minister, that the G20 countries were close to a deal on a financial services tax -- the so-called "Tobin" tax.
http://www.financialpost.com/news-sectors/story.html?id=2583353