IMF blames tax for global financial crisis
International Tax Review --> -->
"Tax policies in advanced countries are likely to have contributed to the worldwide economic crisis, a report issued by the International Monetary Fund (IMF) has said.
By favouring debt financing and encouraging the use of complex financial instruments and arrangements, the tax rules in place in many of the world's leading financial centre countries contributed to the ultimate collapse of the world's markets and financial structures, the report said.
IMF economists looked at the role played by tax policy in corporate finance, housing, complex financial arrangements, the use of low-tax jurisdictions and tax havens, risk taking, and the development of asset prices, all of which can have effects on the economy.
The study, titled Debt Bias and Other Distortions: Crisis-Related Issues in Tax Policy, draws a number of conclusions from a spectrum of country policies and practices."
Talvez o Fundo Monetário Internacional esteja a dar importância a mais aos impostos.
quarta-feira, 1 de julho de 2009
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