US Geithner Doesn't Support Day-By-Day Financial Transaction Tax

News

Sponsored Links

Print Reprints Comment Recommend (-)

11-7-09 11:33 AM EST | E-mail Article

Meena Thiruvengadam

Of Dow Jones Newswires

ST. ANDREWS, Scotland -(Dow Jones)- U.S. Treasury Secretary Timothy Geithner on Saturday suggested the U.S. isn't in full agreement with U.K. Prime Minister Gordon Brown's idea to impose a global tax on financial transactions.

"A day-by-day financial transaction tax is not something we're prepared to support," he said in a television interview with Jeff Randall of Sky News.

Geithner, however, did say the Group of 20 leading economies is committed to protecting taxpayers from risks related to future losses in the financial sector.

By Meena Thiruvengadam, Dow Jones Newswires; 202-862-6629; meena.thiruvengadam@dowjones.com


  (END) Dow Jones Newswires
  11-07-091133ET
  Copyright (c) 2009 Dow Jones & Company, Inc.

Print Reprints Comment Recommend (-)

Add a Comment

Try Premium Membership today. Your first 14 days are free of charge. Start my Premium Membership Trial.

Sponsor Center

Content Partners

Site Directory Site Map Our Products

Corrections Help Advertising Opportunities Licensing Opportunities Glossary RSS Mobile Portfolio Affiliate Careers

International Sites: Australia Canada China France Germany Hong Kong Italy The Netherlands Norway Spain U.K.

Independent. Insightful. Trusted. Morningstar provides stock market analysis; equity, mutual fund, and ETF research, ratings, and picks; portfolio tools; and option, hedge fund, IRA, 401k, and 529 plan research. Our reliable data and analysis can help both experienced enthusiasts and newcomers.

© Copyright 2009 Morningstar, Inc. All rights reserved. Please read our Terms of Useand Privacy Policy.Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Russell 2000 quote is 10 minutes delayed.