Dominique Strauss-Kahn highlights the alignment between unions and the IMF on the need for financial services taxes, amongst other things:
"Financial sector reform is also crucial—and on this issue too, I believe we are on the same page as the labor movement. Excessive risk-taking—often fueled by greed—threatened the entire world economy and pushed millions into unemployment and poverty. We need to put the financial sector back in the service of the productive economy. This is why we support tougher and better regulation, especially to build capital firewalls against future crises. We also think that financial sector taxation can help reduce the likelihood and cost of future crises. Here, we have some differences with the ITUC—they support a financial transactions tax while we prefer a tax on profits and remuneration. But while we may differ on the means, we are united by the common goal of ensuring a fair and substantial contribution from the financial sector"
