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IMF Strauss-Kahn: Progress Made On Tax On Financial SectorST ANDREWS, Scotland -(Dow Jones)- International Monetary Fund Managing Director Dominique Strauss-Kahn said Saturday that progress is being made on studying a possible tax on the financial sector, a so-called IMF tax. "The financial sector is the more risky sector than the rest of the economy and so it's just fair that we should build something that looks like an insurance premium where they will pay to create a fund that would be useful in case of crisis in the financial sector," Strauss-Kahn said. Strauss-Kahn said the IMF is also working on a framework for communication of financial discussions among the Group of 20 leading economies. -By Nicholas Winning, Dow Jones Newswires, +44 207 842 9498; nick.winning@ dowjones.com (END) Dow Jones Newswires 11-07-091146ET Copyright (c) 2009 Dow Jones & Company, Inc. |
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