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Sun Oct 13, 2013, 06:45 AM

IMF suggests nations tax the rich to lower deficits [View all]

http://www.rawstory.com/rs/2013/10/11/international-monetary-fund-strongly-suggests-countries-tax-the-rich-to-fix-deficit/

Tax the rich and better target the multinationals: The IMF has set off shockwaves this week in Washington by suggesting countries fight budget deficits by raising taxes.

“We had to read it twice to be sure we had really understood it,” said Nicolas Mombrial, the head of Oxfam in Washington. “It’s rare that IMF proposals are so surprising.”

Guardian of financial orthodoxy, the International Monetary Fund, which is holding its annual meetings with the World Bank this week in the US capital, typically calls for nations in difficulty to slash public spending to reduce their deficits.

But in its Fiscal Monitor report, subtitled “Taxing Times”, the Fund advanced the idea of taxing the highest-income people and their assets to reinforce the legitimacy of spending cuts and fight against growing income inequalities.


The IMF is speaking out against the Republican Party. While in D.C.

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Reply IMF suggests nations tax the rich to lower deficits [View all]
RainDog Oct 2013 OP
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Initech Oct 2013 #37
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RKP5637 Oct 2013 #28
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