Lagarde aims for €1bn from bank tax

Christine Lagarde, French Finance Minister told Les Echos newspaper June 2010 that the French government intended to raise between €300m and €1bn a year from its planned bank levy, considerably less than the UK in spite of a promise to ensure a level playing field across Europe’s largest economies.

The smaller yield from France’s proposed tax largely reflects the fact that France’s banking industry is smaller than Britain’s.

ESO: Background information: Paris looks for €360m from bank bonus tax http://www.europeansources.info/record/paris-looks-for-e360m-from-bank-bonus-tax/

---