David Jetuah, Accountancy Age, Wednesday 7 July 2010 at 09:14:00

Wolfgang Schäuble will make another attempt to enforce a banking levy afterfailing to convince his G20 peers


Germany?s finance Minister Wolfgang Schäuble will make another attempt toenforce a banking levy after being shot down at the G20 summit meeting lastmonth.

No consensus was reached on the introduction of a global financialtransactions tax at the G20 summit meeting in Toronto, but Schäuble will renewcalls to the European Commission.

Schäuble announced the plans in the German parliament,tax-news.comreported, adding that he and French finance minister Christine Lagarde willjointly urge the European Commission to draft proposals for a European financialtransactions tax.

Further reading:

$19bnbanks tax looms in the US

Successof bank levy scheme hangs on G20