IMF research shows better tax system design can raise revenue, growth without higher rates
4 Articles
4 Articles
IMF research shows better tax system design can raise revenue, growth without higher rates
By David Lawder WASHINGTON, Oct 5 (Reuters) - Governments can improve revenue growth without raising tax rates by improving the design of their tax systems, the International Monetary Fund said on Monday, arguing that avoidable distortions in tax sys...
The International Monetary Fund (IMF) has published the section titled "Better Taxation to Support Growth" from its Fiscal Monitoring Report, which will be released on October 14. In almost all economies, governments...
The International Monetary Fund (IMF) has reported that poorly designed tax systems discourage investment and weaken labor force participation. The institution emphasized the need to mitigate these problems, noting that how governments collect revenue is as important as how much they collect.
The IMF has reported that poorly designed tax systems lead to significant economic costs. According to the report, VAT distortions can increase input costs by up to 9% in emerging markets and developing economies; reforms could strengthen growth.
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