Finding the Money to Fix the World Requires a Rethink on Tax

>> Read article published in The Economist

PERI’s Jayati Ghosh discusses the challenges of addressing the climate emergency and growing economic inequalities between and within countries. She says that “Tackling these problems requires funds to flow in the right direction, towards reducing carbon emissions, supporting education, health and other essential services and overhauling global infrastructure. All of this will, in turn, require massive increases in public spending.Yet two obvious strategies to increase public resources across the world are available: ending tax avoidance by multinational companies and taxing extreme wealth.”