Santander boss hits out at bank windfall taxes

Contributing sentiments towards policy:

52% :  governments need to figure out what is the right level of taxes that really allows sustainable growth and investment," Botín, who is executive chair of the bank, said in an interview for the Financial Times Global Banking Summit.
45% : In the UK, banks will therefore pay an effective rate of 28 per cent, 5 percentage points less than under the previous plans, a move aimed at improving the City of London's attractiveness following the turmoil of Brexit.
39% : She cited figures from the Spanish Banking Association, which showed that if banks were forced to pay €3bn in taxes, it would reduce their lending capacity by €50bn because it would cut the amount of regulatory capital they could hold against those loans.

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