BRUSSELS, June 23 The European Union formally
requested in a letter on Wednesday that the world's largest
economies explore the introduction of a global tax on financial
Writing to the G20 before a summit in Toronto on June 26-27,
Herman Van Rompuy, the president of the EU Council which
represents EU member states, said the world needed a level
playing field on bank levies and transaction taxes.
"We consider that international work on levies and taxes on
financial institutions should continue to maintain a worldwide
level playing field," he said in the letter, written jointly
with European Commission President Jose Manuel Barroso..
"Also the introduction of a global financial transaction tax
should be explored and developed further in that context."