Wednesday, January 5, 2011
Two major problems facing the G20 Finance Ministers Meeting.
<P> 20 Group (G20) Finance Ministers and Central Bank Governors Meeting will be held June 4 to 5 was held in Busan, Korea. .View of the industry at home and abroad, as will be the end of the G20 summit held in Toronto, Canada, the "preparatory meeting", finance ministers meeting will focus on the global financial regulatory issues, the withdrawal of the stimulus will also be fully discussed. .</ P> <P> According to Reuters, South Korean Finance Minister Yoon Jeung-hyun on June 1 of the media conference that "I hope the banks a tax as discussed in the meeting focused", requiring banks for future .financial institutions to help pay the costs. .Prior to the collection of the South Korean government has avoided the issue of bank tax public statement. .South Korea also said that the relevant provisions specified in order to control cross-border capital flows may also become important topics of the meeting. .</ P> <P> banking transaction tax on the proposal of President Obama raised in January this year, the purpose of financing by the banks to cope with future financial assistance to financial institutions in crisis. .International Monetary Fund (IMF) in April when the G20 meeting of finance ministers and central bank governors submitted a global banking and financial institutions, intends to impose a "tax contribution to financial stability" and "financial activities tax" proposal to prevent future bank .collapse undermine the stability of the financial system more widely. .</ P> <P> "the world's major countries in the global banking sector to further expand the war of words on taxation." Reuters, commented that, but Canada is still strong opposition, Australia and South Africa are not enthusiastic, the Japanese believe that their .deposit insurance system can be effective. .And in Germany, France, Britain and the United States, taxes on banks can be a popular headlines, large-scale rescue of the government to stabilize public anger regarding the banking industry. ."Next week is not expected in a unified tax to reach any agreement, perhaps even the end of Toronto at 6 G20 summit will not get any results." </ P> <P> 12 </ p>.
Labels:
[:]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment