Fighting the bank tax: Political tactic or economics?

Some see it as a diversionary tactic. Others say the government is making an important point.

Anca Gurzu
Published: Wednesday, 05/26/2010 12:00 am EDT

Momentum for a global bank tax was growing fast, especially in Europe. So last week, the government strengthened its public campaign against this idea by sending five Cabinet ministers on the road to collectively argue against the bank tax and in favour of stronger bank regulations.

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