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In this episode of Lowy Institute
Conversations, Alexandre Dayant, Research Fellow at the Lowy Institute, sits down with David Malpass, President of the World Bank
In this episode of Lowy Institute Conversations, Alexandre Dayant, Research Fellow at the Lowy Institute, sits down with David Malpass, President of the World Bank, to discuss the Bank’s COVID-19 response and developing countries’ long road to recovery, as well as the hurdles the institution has faced during the pandemic.
David R. Malpass is the 13th President of the World Bank Group. He previously served as US Under Secretary of the Treasury for International Affairs.
An idea on taxation that is worth a try
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The proposal for a minimum global corporate income tax could be a game changer
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The proposal for a minimum global corporate income tax could be a game changer
United States Secretary of the Treasury Janet L. Yellen’s proposal for global coordination of corporate taxation has huge implications. She has proposed a global minimum tax rate. If the major world economies agree and the U.S. Congress approves the increased tax rates, it would constitute a reversal of the trend in tax policies since the collapse of the Soviet Bloc 30 years back. Would Ms. Yellen succeed in convincing OECD countries and the U.S. Congress? David R. Malpass, President of the World Bank, representing the interest of global capital, has voiced his opposition. He was shooting from the shoulders of the poor countries when he said the proposal “.would hinder poor countries’ ability to attract investment”.
Accounting in a world reshaped by COVID-19
April 16, 2021 | 8:05 am
Special Features Writer
There are few things in history that have caused a titanic upheaval to modern society like the coronavirus disease 2019 (COVID-19). Aside from plunging the world economy into the worst global recession since the Second World War, according to the World Bank, the pandemic has also exacerbated the risks associated with a decade-long wave of global debt accumulation, as well as steepening the long-expected slowdown in potential growth over the next decade.
In his foreword to this year’s
Global Economic Prospects report, World Bank Group President David R. Malpass noted that “making the right investments now is vital both to support the recovery when it is urgently needed and foster resilience. Our response to the pandemic crisis today will shape our common future for years to come. We should seize the opportunity to lay the foundations for a durable, equitable, and sustainable global ec