The bank tax is a tax on banks. One of the first modern uses of the term “bank tax” occurred inside the context of the Financial disaster of 2007–2010. A Financial activities Tax raised on the sum of the bank profits in addition to bankers’ remuneration packages while using proceeds going directly into general government profits. A Financial Transactions Tax on the broad range associated with financial instruments as well as stocks, bonds, stock markets and derivatives.
Bank Tax
