Summary
THE head of the UK's financial regulator has supported a tax on financial transactions to combat excessive bonuses in the City.
Lord Turner, chairman of the Financial Services Authority, told Prospect magazine: "If you want to stop excessive pay in a swollen financial sector you have to reduce the size of that sector or apply special taxes to its pre-remuneration profit.See the full content of this document
Extract
Fsa Leader Backs a Tax On Banking
"Higher capital requirements against trading...
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