The result was a patchwork of levies affecting medical devices, insurance carriers, even tanning salons.
The levy particularly affects banks with large balance sheets, such as HSBC.
Instead, British financial institutions like Barclays, HSBC and Lloyds Banking Group are now more likely to grudgingly accept the levy, which affects any bonuses paid before April 6.
The Civil War levy, which affected only one per cent of the population, was unmistakably a rich man's tax, and the same was true of the 1913 levy.
The City has also sought clarification on how the levy would affect euro trades completed in London between banks from countries not in the scheme, and from UK subsidiaries of banks in participating countries.
BBC News website reader and ex-pat Howard Skelton, who has lived in Limassol, Cyprus, for the last 12 years, talks about how the bank levy will affect him.
But even though the strikes might cause some domestic turmoil, official numbers show that neither the strikes nor the rise in export levies has affected Argentine exports of main commodities to the world.
What affects the levying of administrative suspensions?
The levy does not affect smaller banks and building societies, and certain items are exempt, including ordinary deposits covered by the UK's deposit insurance scheme.
