Canada clashes with UK on global banking tax
Canadian premier and David Cameron at odds on the idea of global levy on banks profits
Canadian Prime Minister Stephen Harper has clashed with David Cameron on the
issue of a EU wants bankers to stump up levy.
Meeting with British Prime Minister David Cameron at 10 Downing Street in
London ahead of the upcoming G8/G20 summits, Harper made his case against the
tax.
Harper has taken a different stance because Canada has not been forced to
bail out banks, unlike the UK.
Despite the resistance Cameron said he was determined to push the proposals
through.
At a joint press conference following the meeting, Cameron said: “We’ve
always made clear here in the UK that we will proceed anyway because of the
significant taxpayer support to the banks,” he said.
BBA
pooh-poohs global banking ‘tax’
EU
wants bankers to stump up levy
