France proposes bank levy

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Series Details 20.10.09
Publication Date 20/10/2009
Content Type

Article reports that France will propose new fees for its banking industry to pay for increased supervision. Christine Lagarde, France's Finance Minister, ruled out on the 19 October 2009 a 10% tax on banking profits, a proposal due to be debated on the 20 October 2009 after recent approval by the finance committee of the lower house of parliament.

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