OECD outlines role of tax and fiscal policies in response to COVID-19 pandemic

With global economic activity facing a historic drop and government spending rising dramatically, the implications of COVID-19 on public finances and tax revenues are significant, says the OECD.

The Organisation for Economic Cooperation and Development (OECD) says it’s deploying its data gathering and analytical capacities to help governments face COVID-19 challenges while supporting businesses and people towards economic recovery.In an update provided this week, the OECD noted governments are taking multifaceted actions to support their citizens and businesses and to maintain the provision of vital public services, often putting new and unforeseen pressure on public finances.The OEC...

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Published Date: 07 May 2020