WASHINGTON, United States (AFP) — The IMF’s top economist on Tuesday said the fund has long supported a global minimum corporate tax, after US Treasury Secretary Janet Yellen called on G20 countries to adopt one.

“We are very much in favour of a global minimum corporate tax,” International Monetary Fund chief economist Gita Gopinath told reporters. “It is a big concern of ours.”

Speaking at the start of the spring meetings of the IMF and World Bank, Gopinath warned of a “large amount” of tax avoidance and also “countries sending money to tax havens”.

“That’s reducing the tax base on which governments can collect revenues and do the necessary social and economic spending that’s required.”

https://www.jamaicaobserver.com/latestnews/IMF_in_favour_of_global_minimum_corporate_tax