Ms Burwell has big tasks ahead, such as sorting out how to levy Obamacare's fines and implement the delayed mandate that employers cover their workers.
Governments would also have to implement the one-time tax quickly, or risk boosting tax evasion, "and increasing tax evasion would in turn decrease the acceptance of the levy," the Bundesbank said.
Jaime Caruana, the chief of the Bank of International Settlements, stated that the most realistic way to institute a global levy would be to implement a similar levy in Europe.
The chancellor repeats his intention to levy fines on the executive due to its delay in implementing the UK's welfare reforms.
He objected to a $19 billion levy on large banks, insurers and hedge funds to cover the costs of implementing the law setting up new regulators, paying for studies and so forth which had been slipped in at the last minute.Messrs Dodd and Frank took the unusual step of reopening the conference that had thrashed out the bill, and stripped out the bank levy.
France took the lead in pioneering the Unitaid air ticket levy, and was subsequently followed by a number of other countries that have since implemented the tax.
Implementing the solution.
Political will and consensus among the government and lawmakers is important in implementing special levy schemes.
The First Nations Tax Commission has recommended that taxing authority be given over to First Nations governments so they can implement their own levies on cannabis produced on reserves.
While the practicalities of implementing such a levy may make it a difficult solution to put into practice, campaigners fight on, bolstered by the new German government's commitment to abolish tax exemption for aviation fuel and UK government support for a globally agreed tax.
