CGD in the News

Why Raising Taxes Won't Fix Global Inequality (Bloomberg Businessweek)

December 15, 2014

From the article

OECD economist Federico Cingano also argued that “[r]edistribution policies via taxes and transfers are a key tool to ensure the benefits of growth are more broadly distributed.” Despite such recommendations, survey data from around the world show people are suspicious of taxes as a tool for greater equality. There’s good reason for skepticism: Existing tax and transfer systems across much of the developing world, in particular, have failed to take a dent out of inequality. 

Read the article here