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Solidarity Tax on Pandemic Winners
April 12 , 2021
1198 days
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- The International Monetary Fund recently announced Solidarity Tax on Pandemic Winners.
- That is, the companies that prospered during COVID-19 crisis should pay additional tax to show solidarity towards those hit hardest by the pandemic.
- It is a temporary tax.
- It shall be imposed to reduce social inequalities that increased during the recent health crisis.
- The solidarity tax was introduced in Germany in 1991 after the East and West Germany were joined together.
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