East Asia 1998, Greece 2008, Argentina 2018. The fund knows the suffering its loans cause, yet it has gone ahead in Ecuador
Multinational companies have been gaming the rules of the global economy to minimise their tax liability — or even eliminate it
Tax avoidance hits developing countries hard because companies’ declared profits are more sensitive to tax rates than in developed countries.
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/ 28 October 2011
The major economic entities are in the throes of self-inflicted, but apparently insoluble, problems as they lurch their way to stagnation.
The International Monetary Fund has consistently failed to do its job. Whether or not Gordon Brown takes over, it needs major reform.