IMF proposes temporary 'solidarity' tax on pandemic winners, the wealthy

Advanced economies with robust tax systems should increase their top income tax rates for a period, IMF said

High earners and companies that prospered in the coronavirus crisis should pay additional tax to show solidarity with those who were hit hardest by the pandemic, according to IMF. A temporary tax would help to reduce social inequalities that have been exacerbated by the economic and health crisis of the past year, the fund said on Wednesday, in an interview published in the Financial Times.
 
It would also reassure those worst affected that the fight against Covid-19 is a collective endeavour within societies. Vitor Gaspar, IMF’s head of fiscal affairs, told the Financial Times that a symbolic rise in