Fair and Substantial—Taxing the Financial Sector

Last week, the IMF gave an interim report to the G-20 finance ministers focused on the options in raising money from the financial sector to pay for the costs of government intervention from which it benefits. That report is confidential, but—you may have noticed—has still managed to attract a lot of attention. In this blog, I set set out how the IMF's thinking on this stands.

Don’t Forget Financial Sector Reform

IMF First Deputy Managing Director John Lipsky discusses the need for financial sector reform following the global financial crisis, and addresses the Fund’s role in assessing options for a financial sector tax to help pay for the costs of the crisis and improve systemic stability.

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