At the 2009 G20 Pittsburgh summit , in September , the G20 national leaders asked the IMF " to prepare a report for our next meeting with regard to the range of options countries have adopted or are considering as to how the financial sector could make a fair and substantial contribution toward paying for any burdens associated with government interventions to repair the banking system . " When the IMF presented its interim report for the G20 on April 16 , 2010 , it set out three options , each of which is distinct from another : Financial stability contribution ( FSC ) – a tax on a financial institution ’s balance sheet ( most probably on its liabilities or possibly on assets ) whose proceeds would most likely be used to create an insurance fund to bail out the industry in any future crisis rather than making taxpayers pay for bailouts
2009 G20 Pittsburgh summit
2009 G20 Pittsburgh summit
Bank tax