IMF calls for wealth tax to help cover cost of Covid pandemic

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Fiscal monitor says rich should pay more tax on temporary basis to help support poor and vulnerable

Governments should consider levying higher taxes on the income or wealth of the rich to help pay for the enormous cost of tackling the Covid-19 pandemic, the International Monetary Fund has said.

Inequality had widened in the year since the virus first hit the global economy, the IMF said, and there was a case for the better off being asked to pay more on a temporary basis to meet crisis-related financial costs.

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