Word: taxingly
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
When you're staring at a $250 billion budget deficit for the year, a fresh tax or two can come in handy. And if unpopular banks are the targets, better still. Few of Britain's voters will quibble with Alistair Darling's call Wednesday, March 24, for a global tax on banks to help recover the billions in public funds doled out during the crisis. "We intend to get all taxpayers' money back," the Chancellor of the Exchequer said during his budget speech to Parliament, his last before a general election expected in May. Charging banks to help do that...
...Moves to force lenders to pay up in response to the global financial blowout are gaining momentum. German officials announced plans Monday, March 22, to start taxing banks as a way of squirreling funds for any future bailouts, with details expected to come before the end of the month. U.S. President Barack Obama unveiled proposals in January for a $90 billion bank tax designed to recoup public money used to shore up the nation's lenders. No-nonsense Sweden, meanwhile, has already implemented its own version. But amid this consensus on the need to charge banks, doubts over the merit...
...Having sanctioned some $1.3 trillion in state- and central-bank aid to protect its country's troubled lenders, Britain's government has been mulling a bank tax for months. Prime Minister Gordon Brown's proposal last fall for an international "Tobin tax" - a levy on financial-market transactions ranging from foreign-currency trades to derivatives - received a chilly reception abroad. U.S. Treasury Secretary Timothy Geithner pooh-poohed it as "not something we're prepared to support." But Darling's call for a global bank tax could yield something closer to the U.S. vision. Such a levy might involve taxing banks...
...President maintains he is only delaying application of the tax until the E.U. comes up with a similar initiative applicable to all member states. "Environmental dumping threatens our jobs, [and] it would be absurd to tax French companies while giving a competitive advantage to those in polluting countries," Sarkozy argued, saying he remained committed to a carbon tax as a necessary move to protect the environment - though only once nations "who continue to pollute without shame" agree to become as virtuous...
...likely is that to happen? Not very, according to media reports in France. French newspapers and television news channels said Sarkozy's address meant the carbon tax was "dead and buried" - most of all because of the high improbability of all 27 E.U. members voting in an identical measure. Even Sarkozy's own allies are questioning the President's logic. "If we wait for Europe to make a decision, the carbon tax will be put off indefinitely," lamented Sarkozy's Secretary of State for Ecology Chantal Jouanno in the daily Libération Thursday. "I despair this stand-down...