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.

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