A view of London's Canary Wharf financial district, Thursday Oct. 21, 2010. The British government published Thursday draft legislation for a permanent tax on banks which is expected to raise about ... more 
A view of London's Canary Wharf financial district, Thursday Oct. 21, 2010. The British government published Thursday draft legislation for a permanent tax on banks which is expected to raise about 2.5 billion British pounds (4 billion US dollars) a year by 2014. The levy will not apply to the first 20 billion pounds of liabilities, in the belief that banks with smaller than that amount in liabilities would not pose a risk to the financial system. The tax will replace a one-time 50 percent tax. less 
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Associated Press | Photo By Lefteris Pitarakis
Thu, Oct 21, 2010 4:41 PM EDT