Tensions within the G20 Slow Action on Bank Tax
In this video blog, CIGI's Daniel Schwanen comments on the origins of the international bank tax debate. Mr. Schwanen explains that countries within the G20 are recovering from the global economic crisis at different speeds, while each carrying a different debt load from national stimulus funding. A tax on financial transactions between major banking institutions could act as an "insurance policy" for future economic failure. However, he notes that a common position on this controversial proposal has yet to materialize within the member countries, slowing any action in this area at the G20 table.
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