Wealth tax: IMF’s Gita Gopinath flags wealth tax concerns, says better implementation of capital income taxes needed

Wealth tax: IMF’s Gita Gopinath flags wealth tax concerns, says better implementation of capital income taxes needed

International Monetary Fund’s (IMF) first deputy managing director Gita Gopinath said that the global body prefers a progressive tax structure. In an interview, Gopinath, who is in India, said there should be better implementation of what’s there in terms of capital income taxes, property taxes can be encoded into the tax system properly. “With wealth … Read more

India among top countries with high income, wealth inequality: new UNDP report

India among top countries with high income, wealth inequality: new UNDP report

New Delhi: India has emerged among top countries with high income and wealth inequality but the share of the population living in multidimensional poverty fell from 25 to 15 per cent between 2015-16 and 2019-21, the UNDP said in a new report. The 2024 Asia-Pacific Human Development Report, launched on Monday, paints a qualified picture … Read more

Covid-19 vaccine should be made people’s vaccine: Nobel laureate Prof Muhammad Yunus

Covid-19 vaccine should be made people’s vaccine: Nobel laureate Prof Muhammad Yunus

Hyderabad: Bangladeshi nobel laureate and social entrepreneur Prof Muhammad Yunus on Thursday said the coronavirus vaccine has divided the world into vaccine haves and have-nots and there should not be any ownership rights on the vaccine to any corporate. Speaking during a session of the three-day TiE Global Summit (TGS)being held virtually, Prof Yunus said … Read more