G-20 fails to agree on global bank tax, financial reforms

By Arun Kumar, IANS,

Washington: Finance ministers of the world’s 20 leading economies, including India, have failed to agree on a controversial proposal for a global tax on banks or other reforms, suggesting one size does not fit all.


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“The global recovery has progressed better than previously anticipated, largely due to the G-20’s unprecedented and concerted policy effort,” the ministers said in a joint communiqu

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