**European Union leaders have urged the International Monetary Fund (IMF) to consider implementing a global tax on financial transactions.**A so-called “Tobin Tax” has been pushed by France and the UK, but is less popular in the US.
The leaders called on the IMF to look at a range of options to ensure that banks do not take excessive risks that could lead to another financial crisis.
Earlier this week, the UK announced a 50% tax on bank bonuses above £25,000.