Bloomberg Tax
May 15, 2020, 8:45 AMUpdated: May 15, 2020, 4:37 PM

Countries Seek New Revenue Sources to Pay for Virus Relief (1)

As countries across the globe borrow billions of dollars in the fight against the coronavirus, they are trying to figure out how to foot the enormous bill.

Large segments of their populations are unemployed, and with few stores open for business, traditional revenue-raising measures—income and sales taxes chief among them—aren’t likely to generate enough money to cover spending.

Instead, some countries are eyeing new revenue sources or making better use of existing tax measures to fund coronavirus recovery.

Argentina and Peru are considering increasing taxes on high-income earners. Indonesia last month extended its value-added tax to digital companies to help ...

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