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OECD consumption tax revenues report

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The OECD has published a report which highlights the adverse impacts of major economic downturns on consumption tax revenues, providing insight on how the coronavirus pandemic is likely to affect consumption tax revenues. When compared with the global financial crisis of 2007–2009, the coronavirus crisis is likely to have a bigger impact on consumption tax revenues because it is affecting consumption directly and to a greater extent, says the OECD.

Issue: 1486
Categories: News