Renowned Economists Urge "Emergency" Corporate Taxes to Avert Global Recession

Contributing sentiments towards policy:

45% : The new report says governments, in response, "can opt for austerity programs, cutting funding to public services and increasing the contribution of the poorest through inflation-enhanced consumption taxes, at the expense, once again, of the most vulnerable.""Or they can decide to increase taxation on those who have so far failed to pay their fair share: the multinationals and the super-rich, many of whom have also benefited from the crisis," the report adds.
38% : India first imposed a surplus profits tax on oil companies in July, while the European Union has proposed a tax targeting the excess profits of fossil fuel giants and other energy firms that have been making a killing amid Russia's war on Ukraine.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.