France and Britain find unity in banker-bashing

But there's no sign of the US following suit, despite polls showing anger at bank execs

Sarkozy and Brown

France is set to follow Britain's lead in levying a 50 per cent tax on bankers' bonuses over €27,000. Chancellor Angela Merkel has also voiced her support for the measures, though it appears German bankers are likely to forestall any action by reforming rules on pay and bonuses themselves.

But crucially, neither the US nor Switzerland are showing any inclination to follow suit. The Swiss federal finance ministrycleverly ducked the issue, saying taxation in the decentralised country was largely up to Switzerland's 26 cantons.

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Edward Helmore is a British journalist based in New York who contributes to The Observer and Vanity Fair. He writes for The Week on business and economic affairs.