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Leadership
Brown to call for tax on global financial transactions
23.11.2009
UK Prime Minster Gordon Brown will today urge the introduction of a so-called Tobin tax on global financial transactions, the Guardian has reported.
According to the paper, Brown will outline his radical plan to start taxing City of London trading at the annual conference of the Confederation for British Industry (CBI) later today as a way of restoring the “contract of trust” between banks and the rest of society.
The Guardian says Brown will tell UK business leaders: “Make no mistake, we must agree international action to redress the balance of risk and reward between the public and the financial sector so that it reflects fully the potential damage of financial failure and the cost of preventing it.”
Brown caused quite a stir earlier this month when he threw his weight behind the introduction of the tax at the meeting of the Group of 20 finance ministers in Scotland.
US Treasury Secretary Timothy Geithner made US opposition to the tax clear at the time, telling Sky News: “A day-by-day financial transaction tax is not something we are prepared to support.”
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Leadership Magazines
Irish Director
Irish Director is the definitive magazine for leaders and senior decision makers in Ireland. Produced in association more..
Owner Manager
Owner Manager is the latest title from the BusinessandLeadership.com stable. It is the only magazine in Ireland to more..
Marketing Age
Marketing Age is the definitive voice of the marketing industry in Ireland. Aimed at decision makers, marketing more..
Knowledge Ireland
Knowledge Ireland is a ground-breaking quarterly magazine from our sister brand siliconrepublic.com, unique in its more..
Irish Director is Irelands leading senior management magazine. Designed for business leaders and decision makers across the island, it covers topics of specific relevance to Irelands senior directors.
Owner Manager is the latest title from the BusinessandLeadership.com stable. It focuses specifically on the needs of the business owner, offering both strategic and practical features and information related to running your own business.
Marketing Age is the definitive voice of the marketing industry in Ireland. Aimed at decision makers, marketing directors and industry professionals, it deals in-depth with marketing strategy, innovation and the world of new media.
Knowledge Ireland is a ground-breaking bi-monthly magazine from our sister brand siliconrepublic.com, unique in its exploration of strategy and innovation through people and technology.
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