IMF Strauss-Kahn: Progress Made On Tax On Financial Sector
ST 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
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