Financial Sector Taxation
IMF Offices in Europe, 66 avenue d’Iena, 75116 Paris, France
Ground Floor Conference Room A
Organized by the Departments of Fiscal Affairs, Monetary and Capital Markets, Research, and the Offices in Europe International Monetary Fund
The IMF's Departments of Fiscal Affairs, Monetary and Capital Markets, Research, and the Offices in Europe are organizing a high-level conference on “Financial Sector Taxation” at the IMF’s Paris Office on September 16, 2010.
As many countries in Europe are reviewing their tax treatment of financial institutions, with financial stability in mind as a major goal, and several are already embarked on major reforms in this area, the IMF is hosting a one-day seminar on this topic at its Paris office, on September 16, 2010. The aim of this conference is to promote a sharing of experiences and the conclusions from the existing analyses of these issues. The conference will draw on the Fund’s recent report to the G-20, but its primary objective is to bring together officials from more than thirty European countries, academics, and financial sector representatives, in order to learn from their practical experiences and research. The seminar will also touch on the potential reform of existing tax instruments, notably in relation to interest deductibility and the VAT treatment of financial services.
The event is by invitation only
Paris, September 16, 2010
| 9:15 - 9:20 | Welcome Emmanuel van der Mensbrugghe, Offices in Europe, IMF |
| 9:20 - 9:40 | Opening Remarks Murilo Portugal, Deputy Managing Director, IMF |
| 9:40 - 10:45 | Session 1: Overview of Issues and the Report to the G-20
Chair: Emmanuel van der Mensbrugghe, IMF Presentations Michael Keen, Fiscal Affairs Department, IMF Stijn Claessens, Research Department, IMF Discussants Enrico Perotti, University of Amsterdam Carmine Lamanda, Unicredit Group Open Discussion |
| 10:45 - 11:10 | Coffee Break |
| 11:10 - 12:30 | Session 2: New tax instruments for the financial sector—Country perspectives
Chair: Murilo Portugal, IMF Presentations United Kingdom: Nikhil Rathi, U.K. Treasury France: Jean-Francois Lepetit, Author of a report on Systemic Risk, April 2010 Germany: Jörg Kraeusel, German Federal Ministry of Finance Open discussion |
| 12:30 - 2:00 | Lunch |
| 2:00 - 3:00 | Session 3: Levies, capital surcharges and resolution funds: Perspectives from international organizations and industry
Chair: Christopher Towe, Monetary and Capital Markets Department, IMF Presentations John Berrigan, European Commission Robert Priester, European Banking Federation Open discussion |
| 3:00-3:45 | Session 4: Reforming existing tax instruments: Interest deductibility, the VAT
Chair: Michael Keen, IMF Presentations Michael Devereux, University of Oxford Philip Kermode, European Commission Open discussion |
| 3:45-4:10 | Coffee Break |
| 4:10-5:20 | Closing Panel Chair: Stijn Claessens, IMF Discussants Geoff Lloyd, OECD Stephany Griffith-Jones, Columbia University Bernhard Speyer, Deutsche Bank Christian Thomann, Ministry of Finance, Sweden Open discussion |
| Briefing Session | |
| 5:20-5:30 | Closing
Carlo Cottarelli, Fiscal Affairs Department, IMF |