## More to Do on Financial Sector Tax, Says IMF’s Lipsky

_IMF Blog, January 28, 2010_

## Source details

**Canonical URL:** [More to Do on Financial Sector Tax, Says IMF’s Lipsky](https://www.imf.org/en/blogs/articles/2010/01/28/financial-sector-tax)

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## Bibliographic details
- Authors: the G-20 industrialized, emerging market countries will play a key role in making decisions about the issue.
- Published: January 28, 2010

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### Global economic outlook
- The IMF is forecasting that world growth will bounce back from negative territory in 2009 to 3.9 percent this year and 4.3 percent in 2011.
- Mood among delegates in Davos, Switzerland, is "more upbeat than it was one year ago during the crisis," but concerns remain about the resilience of the economic recovery.

### Political context and regulatory pressure
- Decision makers feel under intense political pressure to act on financial sector regulation.
- A consensus on how to move ahead on a financial sector tax has not yet emerged.

### G-20 process and IMF role
- A process initiated by the G-20 industrialized and emerging market countries will play a key role in making decisions about a financial sector tax.
- The IMF has been asked by the G-20 to supply an options paper and would have "a critical role in helping to coalesce the political authorities around a single set of ideas," according to John Lipsky.
- At a summit in Pittsburgh in September 2009, G-20 leaders asked the IMF to prepare the paper in time for their June 2010 meeting laying out a range of options for financial sector taxation.
- A preliminary version of the options paper will be ready for discussion at the April 2010 G-20 ministerial meeting.

### Miscellaneous
- Interview conducted from Davos, Switzerland.
- Content was also posted on the Huffington Post.

*Source: More to Do on Financial Sector Tax, Says IMF’s Lipsky (January 28, 2010)*

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## References

- [world economic outlook](http://www.imf.org/external/pubs/ft/survey/so/2010/NEW012610B.htm)
- [move ahead on a financial sector tax](http://blogs.imf.org/2010/01/07/financial-sector-reform/)
- [range of options](http://www.imf.org/external/pubs/ft/survey/so/2009/NEW120109A.htm)

_Source: https://www.imf.org/en/blogs/articles/2010/01/28/financial-sector-tax_