Taxes have a key role to play in making growth sustainable and equitable, particularly in the context of the COVID-19 and climate crises. Though rich nations have agreed on minimum global tax levels for the first time, implementation plans have yet to emerge. Many countries will need to rebuild their fiscal capacities when the politics of carbon pricing is fraught, especially at a time of rising global inflation.
This Facebook Live conversation between Members of Parliament from across the globe and World Bank Manager of Fiscal Policy and Sustainable Growth Chiara Bronchi discussed fiscal solutions legislators could implement in the years ahead to tackle debt, control inflation, and finance greener economic activity.
The Parliamentary Dialogue Series is a quarterly convening of members of the Parliamentary Network on the World Bank and IMF alongside World Bank Group leadership to discuss the most pressing and pertinent development issues.