## Press Release: IMF Statement on Taxation

_IMF News, November 5, 2013_

## Source details

**Canonical URL:** [Press Release: IMF Statement on Taxation](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr13427)

## Other formats

- [Markdown version](/en/news/articles/2015/09/14/01/49/pr13427/index.md)
- [Structured JSON version](/en/news/articles/2015/09/14/01/49/pr13427/index.json)
- [Bundle manifest](/en/news/articles/2015/09/14/01/49/pr13427/bundle-manifest.json)

## Bibliographic details
- Published: November 5, 2013

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### 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.*

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## Content in this bundle

- [Pr13427apdf (PDF)](/-/media/websites/imf/imported/external/arabic/np/sec/pr/2013/pr13427apdf.pdf){rel="external" type="application/pdf"}

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## References

- [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)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr13427_