- A civil society forum at the IMF spring meetings discussed how IMF tax policy can better serve people, based on an Oxfam report.
- The report analyzed IMF tax advice to countries from 2022 to 2024, focusing on Article IV reports.
- Most indirect tax advice, especially regarding VAT, was directed at middle
- and low-income countries.
- Indirect taxes like VAT are considered regressive and do not address inequality.
- The IMF justifies its focus on VAT for lower income countries due to high informality and weak administrative capacity for direct tax collection.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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