The head of the International Monetary Fund (IMF) said on Wednesday that closing tax loopholes and ensuring the richest pay their fair share of taxes could help mobilize urgently needed funds for sustainable and inclusive growth.
Kristalina Georgieva said IMF research showed that ending corporate tax evasion could generate an additional $200 billion a year for governments, while implementing a global minimum corporate tax would raise revenues by approximately 150 billion dollars per year.
Furthermore, she said, the IMF estimates that setting a floor for carbon pricing could raise revenues by $150 billion per year.
Source: Terra
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