In an interview with Suddeutsche Zeitung, he said that proceeds from the proposed tax will be used to compensate the States for expenses incurred in razgrebanie financial crisis and the rescue of individual financial institutions.
At the suggestion Steinbrueck, the new 0,005-percent tax to pay banks, insurance companies and investment funds. Earlier, a similar idea on the introduction of global tax voiced chap British financial regulator Financial Services Authority Lord Turner.
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