login
login

Europe Daily Bulletin No. 10059

20 January 2010
Contents Publication in full By article 11 / 21
GENERAL NEWS / (eu) eu/ecofin council
Sweden sings praises of its banking tax model

Brussels, 19/01/2010 (Agence Europe) - In a letter to his Spanish counterpart, Swedish Finance Minister Anders Borg sings the praises of the Swedish model of financial levies on credit institutions. Set up in 2009, a sum equivalent to 0.036% of a bank's liabilities excluding equity capital is levied annually. The money raised goes into a special financial stability fund which now stands at 29 billion Swedish kronor (1% of Swedish GDP) and is likely to rise to 2.5% of national GDP within 15...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS