IMF backs new taxes on corporations and the wealthy, further

IMF backs new taxes on corporations and the wealthy, furthering organization's historic shift
bwinck@businessinsider.com (Ben Winck,Juliana Kaplan)
© Johannes Eisele/AFP/Getty Images
Johannes Eisele/AFP/Getty Images
Increasing taxes on the wealthy and corporations could help the global economy rebound.
That's according to officials at the International Monetary Fund, who say it could level playing fields.
This further cements the IMF's shift toward progressive economics, as wealth taxes grow in popularity.
Lifting taxes on wealthy individuals and corporations could improve the global rebound from the coronavirus recession, officials at the International Monetary Fund said Wednesday.
New stimulus and an improved rate of vaccination led the IMF to raise its global growth forecast earlier in the week, but the organization is already looking beyond the initial rebound. Governments will eventually need to retract their fiscal support to avoid possible debt risks. Balancing stimulus with austerity will be a key challenge in the coming years, and reforming both domestic and international taxes can help bring about a more equitable and environmentally friendly economy, the IMF said.

Related Keywords

United Kingdom , Argentina , Johannes Eisele , Vitor Gaspar , Bloomberg , International Monetary Fund , United Kingdom Conservative Party , Wealth Tax Commission , Getty Images Johannes , Getty Images , Elizabeth Warren , Ultra Millionaire Tax , ஒன்றுபட்டது கிஂக்டம் , அர்ஜெண்டினா , ஜோஹன்னஸ் எசெலெ , வீடர் கஸ்பார் , ப்ளூம்பெர்க் , சர்வதேச பண நிதி , ஒன்றுபட்டது கிஂக்டம் பழமைவாத கட்சி , செல்வம் வரி தரகு , கெட்டி படங்கள் ஜோஹன்னஸ் , கெட்டி படங்கள் , எலிசபெத் வாரன் , அல்ட்ரா மில்லியனர் வரி ,