Doubts over IMF tax proposals

Last week, in its Global Financial Stability Report, the International Monetary Fund skirted around the topic of additional charges on banks – though it acknowledged the need for "more direct methods to address systemic risks, such as instituting systemic risk-based capital surcharges [and] applying levies that are related to institutions' contribution to systemic risk". But in a supposedly confidential proposal for the G-20 meeting this month, which was leaked this week to the BBC, the IMF's