December 10, 2009
President Nicolas Sarkozy of France is set to announce Friday the country will impose a one-time tax on bankers' bonuses that will total 50 percent, the same levy Britain announced this week, Finance Minister Christine Lagarde said.
France is pushing other countries, especially the United States, to impose a similar banking bonus tax.
On Thursday, Sarkozy published a joint letter with Mr. Brown in The Wall Street Journal advocating a one-time tax on big bonuses in the financial sector.
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