Press Release: IMF Statement on Taxation
IMF News, November 5, 2013
Source details
- Canonical URL
- Press Release: IMF Statement on Taxation
Other formats
Bibliographic details
- Published: November 5, 2013
Overview
- Press Release No. 13/427
- Date: November 5, 2013
- Issued by: IMF COMMUNICATIONS DEPARTMENT, Media Relations
- Contact: E-mail: media@imf.org; Phone: 202-623-7100
Clarification on wealth tax reporting
- The statement responds to misreporting of an alleged IMF proposal on wealth taxes.
- Key quoted clarification from Mr. Sanjeev Gupta, Acting Director of the IMF’s Fiscal Affairs Department:
- “An analytical box in the recent edition of the Fiscal Monitor reviews a range of external discussions and experiences regarding a one-off capital levy. It also draws attention to the considerable downside risks of such a tax. It emphatically does not recommend a wealth tax.
- “The analytical description of the issue in the Fiscal Monitor should not be misconstrued as an IMF policy proposal, which does not exist.”
Main messages
- The Fiscal Monitor contained an analytical box reviewing external discussions and experiences regarding a one-off capital levy.
- The Fiscal Monitor's box:
- Reviews a range of external discussions and experiences regarding a one-off capital levy.
- Draws attention to the considerable downside risks of such a tax.
- Does not recommend a wealth tax.
- The IMF has no policy proposal endorsing a wealth tax; the analytical description should not be construed as such.
IMF Press Release No. 13/427, November 5, 2013.