IMF chief calls for increasing tax revenues in MENA region

The International Monetary Fund (IMF) chief on Sunday called for increasing tax revenues in the GCC and wider Mena region, despite making some good progress in the tax base by the regional countries.

Kristalina Georgieva, managing director of IMF, said the average tax-to-GDP ratio is less than half of what could potentially be collected and called for phasing out inefficient tax exemptions.

Source: zawya.com

---

---