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Deal on global bank tax near,says Brown

Large economies are nearing agreement on a global bank tax,said British Prime Minister Gordon Brown in an interview Monday...

Large economies are nearing agreement on a global bank tax,said British Prime Minister Gordon Brown in an interview Monday,but he played down expectations a deal could be struck as soon as June.

Britain,France and Germany were broadly agreed on the need for a levy that would cost financial institutions billions of pounds (dollars),Brown told the Financial Times newspaper,adding he hoped the US would join them.

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