Governments forced to re-think tax and benefit systems should take the opportunity to address inequality and growth issues simultaneously, the OECD said.
New OECD research demonstrated how labour market reforms, tax and transfer systems and high-quality education could boost GDP while reducing income inequality: ‘A priority should be the reduction or elimination of tax breaks that primarily benefit the well-off, which would create space for growth-friendly reductions in marginal tax rates for all taxpayers.’
Governments forced to re-think tax and benefit systems should take the opportunity to address inequality and growth issues simultaneously, the OECD said.
New OECD research demonstrated how labour market reforms, tax and transfer systems and high-quality education could boost GDP while reducing income inequality: ‘A priority should be the reduction or elimination of tax breaks that primarily benefit the well-off, which would create space for growth-friendly reductions in marginal tax rates for all taxpayers.’
