13-April-2021
Economy News
 
IMF favors global minimum corporate tax: Gita Gopinath
07-Apr-2021

The International Monetary Fund has long favored adoption of a global minimum tax on corporate profits, the Fund's chief economist, Gita Gopinath, told reporters on Tuesday, calling tax avoidance a troubling issue for the global economy. Gopinath said current disparities in national corporate tax rates had triggered "a large amount" of tax shifting and tax avoidance, reducing the tax base on which governments could collect revenues to fund needed economic and social spending.

News Source:- https://economictimes.indiatimes.com/news/international/business/imf-favors-global-minimum-corporate-tax-gita-gopinath/articleshow/81934540.cms