IMF proposals for new taxes on financial institutions create controversy

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

IMF proposals for new taxes on financial institutions create controversy

April 26 2010

An IMF report, controversially leaked before last weekend's meeting of G20 finance ministers in Washington, proposes two new global taxes on financial institutions. While the primary target will be the banks who received billions of dollars from national governments, other institutions such as insurance companies and hedge funds will also be required to pay the taxes.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

News
more across site & shared bottom lb ros

More from across our site

Direct Tax
Elizabeth-Beastrom resized.jpg
‘Tax at breaking point’: Thomson Reuters’ AI tech hits one million users
The profession is fundamentally restructuring itself around what tax and accounting work should be, a Thomson Reuters leader told ITR
Sam Sholli, February 24 2026
Direct Tax
Gdansk, Poland - May 8, 2022: Logo and sign of Deloitte, multina
Deloitte unveils €20bn EMEA combination
The big four firm is consolidating 16 entities across the region to create a single 6,000-partner behemoth
Tom Baker, February 24 2026
Indirect Tax
brazil-4803308.jpg
The IBS and why it changes everything in Brazil’s consumption tax system
Brazil’s tax reform unifies consumption taxes to simplify rules, centralise administration and reduce legal uncertainty
Wesley Fragas, February 24 2026
Direct Tax
Stuttgart, Germany - 06-19-2022: Cellphone with logo of American consulting company Alvarez and Marsal LLC on screen in front of website. Focus on center-right of phone display.
A&M Tax launches dedicated pillar two, TP team in Saudi Arabia
The ever-expansive firm has once again attracted a former ‘big four’ talent to lead the new offering
Tom Baker, February 23 2026
Direct Tax
France India
India and France sign updated tax treaty in ‘significant development’
The amended double taxation avoidance agreement removes France’s most favoured nation status for tax treaty benefits
Sam Sholli, February 23 2026
Indirect Tax
US tariffs
‘Refunds likely to be a mess’: US Supreme Court strikes down Trump’s tariffs
The levies extended beyond the president’s ‘legitimate reach’, the Supreme Court ruled
Sam Sholli, February 20 2026
Direct Tax
Aerial view of Christ and Botafogo Bay from high angle.
A taxing week: Despite major tax reform, Brazil’s hiring slowdown should come as no surprise
While Brazil’s consumption tax overhaul led to a short-term spike in tax advisory demand, we are now in a period of ‘normalisation’ marked by decreased recruitment
Sam Sholli, February 20 2026
Direct Tax
BDO
This week in tax: BDO UK and BDO Ireland rubber-stamp $1.5bn merger
The expanded firm will comprise roughly 8,500 employees, including 550 partners; in other news, Paul Hastings and Macfarlanes made senior tax hires
Sam Sholli, February 20 2026
Transfer Pricing
US Venezuela flags
Advisers clash over Venezuela’s TP evolution in post-Maduro world
Meanwhile, one expert highlights the importance of separating Venezuela’s tax authority from direct political control after ‘lost decades and isolation’
Sam Sholli, February 19 2026
Direct Tax
jakarta-indonesia 600 x 375
Beyond compliance theatre: Indonesia’s new era of tax transparency
With PMK 108, Indonesia has upgraded its tax transparency regime for the digital era, focusing on data quality, governance, and cross border exchange rather than expanding regulatory reach
Gitarani Prastuti , February 18 2026
Gift this article