With the initial plan to impose a levy on all bank deposits rejected by parliament, a number of alternatives have been suggested.
The UK chancellor told the Treasury Committee that initial plans to impose a levy on bank deposits was a "mistake" and had "not been well handled".
Cyprus was expected to impose a levy on all deposits in Cypriot banks for the purpose of bailing said banks out, which are otherwise at risk of failure and disorderly bankruptcy.
Earlier in the week, the Cypriot parliament rejected a plan to impose a levy on bank deposits - essentially taking a percentage of bank account balances to help raise the 5.8bn euros it needs.
Investors flocked to gold in a safe-haven bid overnight on news that Cyprus and its international lenders agreed on a proposal to impose a levy on bank depositors to help pay for the government bailout.
FORBES: Technical Trading: Gold Jumps On Cyprus Bailout Jitters
Mr Osborne said the UK did not have prior knowledge of the original plan to impose a bank levy, which would have seen small depositors effectively charged 6.75% of their deposits to fund the bailout.
The government has also decided to impose a 20% levy on raw ore exports and requires companies to start smelting all ore locally by 2014.
FORBES: Newmont's Revised Production Forecast In Indonesia May Cause Labor Troubles
To raise funds for flood relief in eastern Germany, the old government had already decided to postpone income tax cuts due to start next January 1st by a year, and to impose a one-off levy on corporate profits.
He says the sales levy "is widely regarded to be the most regressive tax that states impose, " which is funny given that Mr. Patrick is the same guy who raised the rate to 6.25% from 5% in 2009.
It is a hard question to answer in Britain, where the new Labour government is poised to levy a windfall tax on privatised utilities, where the electricity regulator will impose a tighter cap on electricity distribution charges in 2000, and where competition in the supply of electricity to domestic consumers is due to start next year.
The Labour leader called for the government to impose a tax on bonuses, which he claimed would raise more money than the bank levy introduced by Chancellor George Osborne.
应用推荐