Brussels offers a state tax on banks .

Michel Barnier, European Commissioner for Financial Services.  
Keywords: Tax on banks, EUROPE, Barnier, Commission.

Michel Barnier presents Wednesday his proposal for a tax credit, designed to feed twenty-seven "resolution fund" of future crises.

Our correspondent in Brussels:
The Commission will ask each of the twenty-seven countries of the EU to implement a national tax on banks and finance a fund to advance prevention, remediation and restructuring, according to texts to be released Wednesday in Brussels.
Commissioner Michel Barnier, responsible for financial services in the Barroso team, has kept the rate cut or trim desirable future of national taxes. "It will in no way a European tax," insists his entourage. But Brussels intends to map out the contours. The levy will apply to banks, not financial institutions in general. He will feed twenty-seven "resolution fund" national stage whose input will be coordinated or harmonized at European level.
The Commission considers that one way to prevent a future financial crisis "is to require Member States that they each create a fund (...) for which banks will be obliged to pay a tax," according to texts. "Such a fund would not be used to bail or to rescue a bank. But just to ensure that bank failures would be managed in an orderly manner and without destabilizing the entire financial system. "

Legislation expected in early 2011:
Twenty months after the fall of the house Lehman Brothers and the engagement of a triple crisis, financial, economic and fiscal Michel Barnier said he believes that prevention is better than cure. A second principle is at work: the rioters should pay. "Taxpayers should no longer be at the forefront," said the Commissioner Figaro. "It is unacceptable that they may be required to pay a second time errors and foolish behavior of some bankers."
The tax on banks and fund resolution are part of an arsenal of preventive Brussels wants tie in October, before bringing in legislation in early 2011. Member States and Parliament will agree. Brussels hopes a development next year. A resolution fund should gradually raise the equivalent of 2% to 4% of GNP to provide adequate security, according to IMF figures cited by the Commission.
The project explores three avenues for future tax base: assets, liabilities and results. But he is careful to settle or stratify. "My personal impression is that we should tax more banking riskier, such as derivatives," says Michel Barnier.
Sweden and Germany have initiated a fee and a fund similar to the proposed preventive Brussels. France approves the idea of a tax, but would like to benefit the state budget.
The United States starts a tax of over 50 billion dollars. For Barack ObamaIt is less to prevent than to recover the public funds made available for banks since 2008.