IMF: higher taxes for rich will cut inequality without hitting growth

Analysis supports tax strategy of Jeremy Corbyn’s Labour in UK – and undermines that of Donald Trump in USHigher income tax rates for the rich would help reduce inequality without having an adverse impact on growth, the International Monetary Fund has said.The Washington-based IMF used its influential half-yearly fiscal monitor to demolish the argument that economic growth would suffer if governments in advanced Western countries forced the top 1% of earners to pay more tax.Continue