IMF Chief Urges Gulf States to Raise Taxes

23 Feb 2016   Abu Dhabi, Bahrain

The head of the International Monetary Fund on Monday urged energy exporters of the Middle East to raise more taxes as governments across the region grapple with a dramatic drop in oil revenues. “These economies need to strengthen their fiscal frameworks and re-engineer their tax systems by reducing their heavy reliance on oil revenues and by boosting non-hydrocarbon sources of revenues,” Christine Lagarde said at a finance…


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