Fighting graft boosts tax revenues: IMF | The Daily Star
12:00 AM, April 05, 2019 / LAST MODIFIED: 12:06 AM, April 05, 2019

Fighting graft boosts tax revenues: IMF

Reducing corruption allows governments to collect more in taxes, according to a study published Thursday by the International Monetary Fund.

The global crisis lender estimates that, among advanced economies, those that best combat graft collect on average 4.5 percent more in tax revenue as a share of GDP than those most beset by corruption.

For all latest news, follow The Daily Star's Google News channel.

“The annual cost of bribery alone is over $1.5 trillion, roughly two percent of global GDP," IMF Managing Director Christine Lagarde said Tuesday in remarks previewing next week's spring meetings with the World Bank. "Money laundering and the financing of terrorism are other serious dimensions of the problem, where the IMF has been working with over 100 countries."

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Grameenphone:
Type START <space> BR and send SMS it to 22222

Robi:
Type START <space> BR and send SMS it to 2222


Banglalink:
Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News

Top