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IMF Very Much in Favor of Global Corporate Minimum Tax: Official

April 6, 2021, 1:49 PM

Tax avoidance is a big concern for the International Monetary Fund, Chief Economist Gita Gopinath says in an online briefing with reporters Tuesday

  • IMF has “long been in favor” of a global minimum tax, Gopinath says
  • “We have a large amount of tax shifting, tax avoidance, countries sending money to tax havens, and that’s reducing the tax base on which governments can collect revenues and do the necessary social and economic spending that’s required. So we are very much in favor of a global minimum corporate tax.”
  • NOTE: April 5, Yellen Declares End to Trump’s Global Retreat, Eyes Tax Deal ...

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