Silobreaker: UPDATE:UK Brown:G20 Should Mull Global Financial T...

NEWS SEARCH ANALYSIS INSIGHT

Saturday, November 21, 2009 4:36 AM

Published 11/07/2009 by Nasdaq

UPDATE:UK Brown:G20 Should Mull Global Financial Transaction Levy

ST ANDREWS, Scotland -(Dow Jones)- The Group of 20 leading economies should consider applying a global financial transactions tax to pay for the cost of future banking crises, Prime Minister Gordon Brown said Saturday.

Brown said G20 members should discuss whether they need some kind of ' insurance...

READ FULL ARTICLE

Share this

What others report on the same story

G20 finance ministers agree to maintain fiscal ...

Britain has secured assurances from the rest of the G20 that there will be no global reduction in financial support for world economies until it is clear that any ... - [11/08/2009 - Telegraph]

Row breaks out over Brown's City tax

International levy on financial trading would help developing world deal with climate changeA row blew up last night after Gordon Brown promoted plans for an international ... - [11/08/2009 - Guardian.co.uk]

Climate finance hits snag before key UN summit

Search All Our Sites - Powered By Bing SPACE WIRE ST ANDREWS, Scotland, Nov 8 (AFP) Nov 08, 2009The G20 talked big but delivered little on climate finance, campaigners ... - [11/08/2009 - Space Daily]

G20 leaders vow to keep global stimulus a priority - [11/07/2009 - Irish Independent]

Rifts appear ahead of G20 meeting - [11/07/2009 - Trend News Agency]

G20 ministers meet ahead of climate summit - [11/07/2009 - RTE Online]

'One of the biggest risks we have is for people' - [11/07/2009 - Business Report]

G-20 officials to wrestle over economic imbalances - [11/07/2009 - Washington Post]

G20 summit tries to tackle rifts - [11/07/2009 - BBC]

UK's Darling urges G20 progress on climate finance - [11/07/2009 - Reuters UK]

Quotes

...need some kind of " insurance fee to reflect systemic risk or a resolution fund or contingent capital arrangements or a global financial transactions levy."

UPDATE:UK Brown:G20 Should Mull Global Financial Transaction Levy [Nasdaq - 11/07/2009]

"It cannot be acceptable that the benefits of success are reaped by the few, while the costs of failure are borne by all of us" Brown told finance...

UPDATE:UK Brown:G20 Should Mull Global Financial Transaction Levy [Nasdaq - 11/07/2009]

...from the G20. "We need to consider if we need to go further in terms of mitigating costs to the rest of society."

UPDATE:UK Brown:G20 Should Mull Global Financial Transaction Levy [Nasdaq - 11/07/2009]

Related Stories

First Reported 11/14/2009 - Updated 11/14/2009 - 7 Documents (in Conflicts & Crime)

NATO

UK pushes for extra troops for Kabul

LONDON: Gordon Brown has been lobbying allies to send more troops to Afghanistan, and is hopeful of securing 5,000 reinforcements on top of whatever additional force the US commits, he said yesterday. The Prime Minister has already offered to add 500 ... [South Asian Media - 11/14/2009]

Entities: Kabul, NATO, United Kingdom

First Reported 11/14/2009 - Updated 11/14/2009 - 5 Documents (in Politics)

The Labour Party (United Kingdom)

Mishap, folly, crisis. . . so why is Gordon Brown starting to cheer up?

As the election approaches, the Prime Ministers instinct for a scrap is starting to emerge as is his strategy against the Tories, says Matthew d'Ancona. Ready for a fight: the closer the election gets, the happier Gordon Brown becomes Photo: REUTERS ... [Telegraph - 11/14/2009]

Entities: Gordon Brown, Immigration, General Election, Crisis, The Labour Party (United Kingdom)

First Reported 11/14/2009 - Updated 11/14/2009 - 3 Documents

Wouter Bos

Netherlands To Tax Drivers By the Kilometer

The Dutch government wants to abolish ownership and sales taxes on automobiles and instead levy a fee on every kilometer driven. The Transport Ministry says the move will cut congestion in half and curb carbon dioxide emissions by 10 percent.Motorists ... [Wired News - 11/14/2009]

Entities: Taxes, Netherlands, Wouter Bos, Collection Agency

First Reported 11/14/2009 - Updated 11/14/2009 - 1 Documents (in Conflicts & Crime)

Gordon Brown

Suicide attack piles pressure on Obama and Brown

Prime Minister says Nato will send another 5,000 troops to AfghanistanCloseapCrowds gather around destroyed vehicles following a suicide bomb detonated near Camp Phoenix, a logistics support base for US forces just outside Kabul, yesterday. The Taliban ... [The Independent - 11/14/2009]

Entities: Suicide Attack, Gordon Brown, Kabul

First Reported 11/14/2009 - Updated 11/14/2009 - 1 Documents (in Conflicts & Crime)

Afghanistan suicide attack piles pressure on Obama and Brown

Crowds gather around destroyed vehicles following a suicide bomb detonated near Camp Phoenix, a logistics support base for US forces just outside Kabul, yesterday. The Taliban claimed responsibility for the attackSearch Search GoBookmark & ShareBarack ... [Belfast Telegraph - 11/14/2009]

Entities: Suicide Attack, Afghanistan, Gordon Brown, Kabul

First Reported 11/14/2009 - Updated 11/14/2009 - 1 Documents (in Environment)

Worst storm of year hits UK

Gale-force winds and heavy rain bring flooding and damage to Britain, as forecasters say the worst storm of the year has hit the country. ... [Channel 4 News - 11/14/2009]

Entities: United Kingdom, Flooding

First Reported 11/08/2009 - Updated 11/09/2009 - 25 Documents (in Economy)

Federal Reserve System

Here's Why The Financial Transaction Tax Won't Work

The idea of a financial transaction tax has never made much sense.But this time it makes less sense than ever.As originally conceived by Nobel prize winning economist James Tobin in the aftermath of the collapse Bretton-Woods, the tax would have applied ... [Business Insider - 11/09/2009]

Entities: Taxes, Federal Reserve System, James Tobin, Sweden

First Reported 11/10/2009 - Updated 11/11/2009 - 14 Documents

Govt unveils draft of dualstructure GST

The government on November 10 released a discussion paper on the proposed, dual-structure goods and sales tax (GST) that will be put up for discussion.The GST is a new comprehensive tax that — when implemented — will subsume the central excise, additional ... [Moneycontrol.com - 11/11/2009]

Entities: Levy, Taxes, Asim Dasgupta, Pranab Mukherjee, Deadline

First Reported 11/09/2009 - Updated 11/10/2009 - 13 Documents

Brown's Call For Tobin Tax Not Supported By US At G20

UK Prime Minister, Gordon Brown, surprised delegates to the G20 meeting in Scotland by advocating a transaction tax on banks, a move which did not receive any support from the US delegation.Brown's proposals included a transaction levy, an insurance fee ... [Tax-News.com - 11/10/2009]

Entities: Taxes, Gordon Brown, International Monetary Fund, Adair Turner, Dominique Strauss-Kahn

First Reported 11/08/2009 - Updated 11/08/2009 - 12 Documents

G20 unity takes hit in debate on financial trading tax

Group of 20 governments are split on whether to tax financial trading as part of a broader strategy to ensure the global economy's expansion is less crisis- prone.British Prime Minister Gordon Brown told a meeting of finance chiefs in St Andrews, Scotland, ... [The Standard - 11/08/2009]

Entities: Taxes, Gordon Brown, Timothy F Geithner, Bail

First Reported 11/07/2009 - Updated 11/08/2009 - 14 Documents

Levy on financial trading splinters G-20

THE Group of 20 governments are divided on whether to tax financial trading as part of a broader strategy to ensure the global economy's expansion is less crisis-prone.Britain's Prime Minister, Gordon Brown, told a meeting of finance chiefs in St Andrews, ... [Sydney Morning Herald - 11/08/2009]

Entities: Levy, International Monetary Fund, Taxes

First Reported 11/08/2009 - Updated 11/09/2009 - 15 Documents

UK shifts on bank tax plan at G20

Gordon Brown, the British prime minister, backed away from his proposal for a financial transactions tax on Sunday after widespread criticism of his plan, set out in a weekend speech to G20 finance ministers in Scotland. The US led a backlash against ... [FT Alphaville - 11/09/2009]

Entities: Taxes, United Kingdom, Gordon Brown

Blogs

sort by: Date \| Relevance
Gordon Brown wants to tax banks: good politics,... [News » Politics - 11/07/2009] “It cannot be acceptable that the benefits of success in [the financial] sector are reaped by the few but the costs of its failure are borne by all of us”. So says ...
Gordon Brown wants to tax banks: good politics,... [News » Daniel Hannan - 11/07/2009] “It cannot be acceptable that the benefits of success in [the financial] sector are reaped by the few but the costs of its failure are borne by all of us”. So says ...
Italian Court Levies Judgment on U.S. Rendition... [Political Punch - 11/04/2009] The US intelligence gathering program known as “extraordinary rendition” was essentially put on trial for the first time - in Italy - and this week the court rendered ...
USS to discuss whether to pause levying tax on ... [Metals News - Metals Place - 11/12/2009] Member, Robert Casey mentioned a bill to United States Senate, hoping to pausing canceling the tax to above 99.5% manganese chip. The bill is submitted to Senate ...
Financial markets: At last – a popular tax [Comment is free \| guardian.co.uk - 11/13/2009] An amazing thing happened this week. A New Labour politician proposed a new tax – and the sky did not fall in. Maybe that is because Gordon Brown's levy would target ...

Audio/Video

sort by: Date \| Relevance
Will Reid Tax the Rich? [Slate Magazine - 11/13/2009]
Will Sen. Harry Reid tax the rich to pay for he... [Slate Magazine - 11/12/2009]
Afghanistan strategy: Gordon Brown defends UK p... [ITN News - YouTube - 11/06/2009]
Brown's letter row [CNN.com - Video - 11/11/2009]
Gordon Brown won't pull troops out of Afghanistan [ITN News - YouTube - 11/06/2009]

Change Password

Log in to Silobreaker

Advanced Search Options

UPDATE:UK Brown:G20 Should Mull Global Financial Transaction Levy