Posts Tagged ‘G20’

World finance ministers complacent at threat of a synchronised downturn

by Ann Pettifor.

“For the proposition that supply creates its own demand, I shall substitute the proposition that expenditure creates its own income”  (JM Keynes Collected Writings, Volume  XXIX,  p81) G20 Finance Ministers met in Huangzhou, China recently and refused appeals from both the IMF and the OECD for “urgent collective policy action” that focussed “fiscal policies on investment-led […]

G20 should aim tax avoidance rules at the banks & super-rich

by Michael Meacher.

The latest OECD draft rules to regulate massive corporate tax avoidance are a real advance so long as the 44 countries concerned (90% of the world’s economy) stick to their resolve, push these measures through and resist the enormous lobbying that they can expect from a determined corporate push-back. But the past record on that is […]

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