In a speech in New York, Mr Lipsky said that IMF would not be considering introducing a similar policy.
He described the British government's plans as backward-looking and an overly hopeful attempt to recoup tax.
Much of the global public anger against the banking sector has been centered on the cost of bailouts to taxpayers but Mr Lipsky said that he saw things in a different light, reports Bloomberg.
"If public expenditures to stabilize the financial sector also served to avoid losses to the general public, should the total cost be borne by the financial sector alone?" he said.
Last month, Mr Lipsky stated the IMF was considering the possibility of introducing a tax on banks' financial transactions as a way of recouping money owed to the taxpayer from banking bailouts.
By Claire Archer