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Banks and other financial institutions face paying a two taxes to pay for future bail-outs the BBC has learned.BBC business editor Robert Peston said that the proposals by the International Monetary Fund (IMF) were "more radical" than had been anticipated.
All institutions would pay a flat-rate levy and also face a further tax based on profits and pay.
The measures are designed to make banks pay for the costs of future financial and economic rescue packages.
"The proposals are likely to horrify banks, especially the proposed tax on pay," our business editor said.
"They will also be politically explosive both domestically and internationally."This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.