{
  "title": "Press Release: IMF Statement on Taxation",
  "publication": "IMF News, November 5, 2013",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr13427",
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  "summary": "Press Release No. 13/427",
  "publishDate": "2013-11-05",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Press Release No. 13/427\n- Date: November 5, 2013\n- Issued by: IMF COMMUNICATIONS DEPARTMENT, Media Relations\n- Contact: E-mail: media@imf.org; Phone: 202-623-7100"
    },
    {
      "heading": "Clarification on wealth tax reporting",
      "content": "- The statement responds to misreporting of an alleged IMF proposal on wealth taxes.\n- Key quoted clarification from Mr. Sanjeev Gupta, Acting Director of the IMF’s Fiscal Affairs Department:\n  - “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.\n  - “The analytical description of the issue in the Fiscal Monitor should not be misconstrued as an IMF policy proposal, which does not exist.”"
    },
    {
      "heading": "Main messages",
      "content": "- The Fiscal Monitor contained an analytical box reviewing external discussions and experiences regarding a one-off capital levy.\n- The Fiscal Monitor's box:\n  - Reviews a range of external discussions and experiences regarding a one-off capital levy.\n  - Draws attention to the considerable downside risks of such a tax.\n  - Does not recommend a wealth tax.\n- The IMF has no policy proposal endorsing a wealth tax; the analytical description should not be construed as such.\n\nIMF Press Release No. 13/427, November 5, 2013.\n\n---\n\n Content in this bundle\n\n- Pr13427apdf (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- Press Releases\n- PRESS CENTER\n- Fiscal Monitor\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr13427"
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    "Published: November 5, 2013",
    "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",
    "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:",
    "The Fiscal Monitor contained an analytical box reviewing external discussions and experiences regarding a one-off capital levy.",
    "The Fiscal Monitor's box:",
    "The IMF has no policy proposal endorsing a wealth tax; the analytical description should not be construed as such.",
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    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[Fiscal Monitor](https://www.imf.org/external/pubs/ft/fm/2013/02/fmindex.htm)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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