IMF tax chief lays down gauntlet on tax evasion
IMF fiscal affairs director Carlo Cottarelli renews calls for the possibility of a World Tax Organisation being established
Efforts to foil tax evasion must be ramped up to guarantee efforts to cut the
public debt is fair to everyone, the tax chief of the International Monetary
Fund has said.
Carlo Cottarelli, director of the IMF’s fiscal affairs department, also
called for the creation of an independent international body to help to fight
tax evasion and co-ordinate tax policy.
“An equitable adjustment will require a more energetic fight against tax
evasion and erosion, both nationally and internationally … Maybe it is time to
revive the idea of a World Tax Organisation to address … co-ordination issues,
” said a report written by Mr Cottarelli and Andrea Schaechter, published
yesterday.
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