IMF calls for corporate tax reforms

摘要

Christine Lagarde, managing director of the International Monetary Fund, has called for an overhaul of international corporate taxation. "The current international corporate tax architecture is fundamentally out of date," Lagarde said in a speech last week at the Peterson Institute for International Economics. The former French finance minister said: "It may be difficult, but it is possible to create a corporate tax system that better reflects the changes in the global economy. I believe we need new rules in this area." In recent months a perception had emerged that large multinational companies pay little tax, leading to political demands for urgent action, she said.