New bank capital standards will be phased in by the end of 2012
Tax a distraction from more pressing G20 reforms
Levy intended to encourage banks to move to less risky funding profiles
Each country will be free to choose its own way of dealing with the issue
Proposed tax would help pay for economic rescue packages
UK taxpayers outraged about having to have bailed out the private sector
Co-operation among the G20 is crucial now that the European economy has slowed once again
Measure to be presented at G20 summit in Toronto
Canada under pressure to go along with Europe and the U.S.
Cabinet ministers take to the road to talk down tax