New Delhi, Apr 13 (BNP): India has received a significant share of regressive tax-related recommendations from the International Monetary Fund (IMF) between 2022 and 2024, according to a report by Oxfam.
The analysis, released ahead of the IMF and World Bank Spring Meetings in Washington, alleges that the IMF has shown inconsistency in its policy advice. It claims that while wealthier countries are often guided toward more progressive taxation, developing nations are more frequently advised measures that could widen inequality.
The report states that around 59% of IMF tax advice given to low- and lower-middle-income countries is considered regressive. It also highlights concerns that such policy guidance may have implications for inequality and economic fairness.
The findings have sparked discussion on the need for more balanced and equitable global financial policy recommendations.
