June 3 (Reuters) – British Prime Minister David Cameron said on Thursday that his country and G20 host Canada had differences in their approach to a global banking levy.
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Canadian Prime Minister Stephen Harper, speaking at a meeting with Cameron, said the bank levy would be a very lively subject of discussion at the G20. Harper said he agreed that taxpayers should not foot the bill for bank bailouts.
Harper’s government, which hosts G8 and G20 meetings later this month, strongly opposes proposals for a global bank tax, arguing that strong regulations kept Canadian banks sound through the global financial crisis and other nations should follow its example.
Britain’s new Conservative-Liberal Democrat coalition government has pledged to introduce a banking levy but has given no details. It has said it could act unilaterally. (Reporting by; Editing by)