IMF wants the balance sheet against the crisis

Covid continues to have a negative impact on our lives and for this reason many are wondering what the consequences will be that we will have to deal with in the near future, to face the current economic crisis.

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The last few months have been marked by the impact of the Covid, which continues to have negative repercussions both in terms of appearance cheap than social relations. Governments around the world are called upon to make important decisions to combat the spread of the virus, while at the same time offering help to people who find themselves having to deal with serious difficulties from the point of view of financial management.

A particularly difficult historical moment, with many who continue to glimpse one hope in vaccines, with the latter which, according to some recent estimates by the International Monetary Fund, it seems they could “Pay for themselves”. An important issue, that of vaccines, which could help promote economic recovery. The latter is now the subject of continuous discussions, with experts trying to propose various types of solutions. Among these the idea of ​​one patrimonial, with taxes on the rich and high incomes, in order to counter the Covid crisis.

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Covid, “the crisis continues to cast shadows”: IMF wants capital

Kristalina Georgieva – Photo by Stephen Jaffe/IMF via Getty Images

Due to the coronavirus, many entrepreneurs continue to keep the shutters of their businesses closed. A particularly difficult situation to manage, with more and more families struggling with difficult management from a financial point of view. Hence the need for i governments from all over the world to intervene through ad hoc measures, aimed at supporting the economic recovery. Various the hypotheses at stake, including the spectrum of the patrimonial, which returns to become more and more concrete, after the recent declarations of International Monetary Fund.

In particular, according to the IMF, “political authorities might consider a contribution for the recovery from Covid-19, imposed on high incomes or large assets“. In particular, as can be seen from the Fiscal Monitor of April 2021“, Is considered”reform of domestic and international taxation is necessary, particularly when the recovery has picked up momentum“.

The words of Kristalina Georgieva

A hypothesis, that of the International Monetary Fund, which therefore leads many, especially the richest, to fear of having to deal with a patrimonial. The purpose of the latter, in fact, would be to promote recovery by reducing inequalities. A subject that has always been particularly delicate, on which she has also recently expressed herself Kristalina Georgieva, director of the International Monetary Fund. The latter, in his opening speech at the Spring Meetings press conference, in fact, he called on governments to act.

In particular, he underlined how “There is a light at the end of the tunnel. After the worst global recession since World War II, the recovery is in progress. As you know, yesterday we raised our global growth forecast to 6% for this year, to 4.4% for 2022 ″. Nevertheless the crisis continues to cast a dark shadow“.

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There is a risk of “further economic scars“And for this reason governments are called to”take the right actions now by giving everyone a fair chance“. To this end, Georgieva continued: “countries will need to spend efficiently and have sufficient tax revenues. In many cases this will mean one progressive taxation and an international agreement on issues such as minimum tax for companies“.

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