The parties agreed that a banking levy would be introduced. 'We will seek a detailed agreement on implementation.' The Conservatives' manifesto had suggested imposing a levy 'unilaterally if necessary' and noted that there was emerging international agreement on this approach. The Liberal Democrats had suggested that a levy would operate until such time as the banks could be split up to insulate retail banking from investment risks.
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The parties agreed that a banking levy would be introduced. 'We will seek a detailed agreement on implementation.' The Conservatives' manifesto had suggested imposing a levy 'unilaterally if necessary' and noted that there was emerging international agreement on this approach. The Liberal Democrats had suggested that a levy would operate until such time as the banks could be split up to insulate retail banking from investment risks.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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