IMF Wants to Introduce Compulsory Tax

Politics ♦ Published: November 4, 2013; 19:36 ♦ (Vindobona)

IMF’s idea of introducing a compulsory tax on household assets could decrease state debt earns harsh criticism. Economists reject the idea.

IMF Wants to Introduce Compulsory Tax / Picture: ©

According to economists at the International Monetary Fund, a one-time levy on household assets before there was a flight of capital could by all means be regarded as fair. The paper suggests that a tax as high as ten percent could reduce national debt ratios in most Eurozone member countries to before the level of 2007, the year before the economic and financial crisis…