Financial Services Authority chairman backs tax on 'socially useless' banks
Phillip Inman
"The government's top financial regulator last night backed radical plans for a multibillion-pound tax on banks as a way to tackle the City's persistent bonus culture.
"Lord Turner, chairman of the Financial Services Authority, warned bankers that he would support a new wave of taxes on the City to prevent excessive profiteering if they continue to take excessive risks.
"In a searing critique of the industry, Lord Turner described much of the City's activities as "socially useless" and questioned whether it has grown too large."
Pour citer cette ressource :
"Financial Services Authority chairman backs tax on 'socially useless' banks", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), août 2009. Consulté le 05/06/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/financial-services-authority-chairman-backs-tax-on-socially-useless-banks