Trillion dollars will be collected by the governments of the world by eliminating corruption

[yota691]

Trillion dollars will be collected by the governments of the world by eliminating corruption

Friday, 05 April 2019 27

 

Capitals / agencies

The International Monetary Fund (IMF) has confirmed that governments in the world can raise an additional $ 1 trillion in taxes by eliminating corruption.

The IMF's financial monitoring report found that reducing corruption in all countries would increase total tax revenue by $ 1 trillion, or about 1.25 percent of global gross domestic product.

The International Monetary Fund found that developed countries with lower levels of corruption combined average tax revenues by about 4.5 percent of GDP more than those with the same economic development with higher levels of corruption.

The study said that by analyzing more than 180 countries, it became clear that the most corrupt countries receive lower taxes, where people pay bribes to avoid them, including through designed tax loopholes, and that taxpayers believe their governments are corrupt. Pay it.

The gains that governments will take if they curb corruption will be greater if one considers that a decline in corruption would increase economic growth and increase revenue, the report said.

In its report, the IMF found that corruption has implications for the public finances of countries outside of tax revenues, pointing out that the most corrupt governments spend less on education and health care, especially in low-income and emerging market economies.

He stressed that in order to confront corruption, governments must take a comprehensive approach to address it through key steps such as clear laws on tax collection, independent monitoring and auditing, and strict penalties for actions 

Corruption.

On the other hand, the IMF pointed out that a significant decline in house prices could negatively affect the performance of macroeconomic and financial stability as occurred in the global financial crisis.

The global stability report released by the IMF said that house prices around the world are likely to fall over the next three years.

The IMF attributed its assessment to low house prices, overvalued prices, excessive credit growth and tightening financial conditions.

In its assessment, the IMF relies on the study and measurement of the price of homes at risk in the future through a study of 32 economies in developed and emerging countries and major cities in those countries.

The report pointed out that monitoring house prices at risk helps predict the risks to GDP growth.

Housing prices should not be regarded as a direct target of monetary policies or capital flow management measures.

The relationship between policy measures and downside risks to house prices could shed light on the extent to which these measures reflected weaknesses in the housing sector and the state of stability

Financial institutions. The results suggest that the unexpected easing of the interest rate set by monetary policy is associated with reduced risk of falling home prices, but this correlation is limited in the short term to advanced economies 

Just.

[Butifldrm]

Christine Lagarde

2019/04/08 11:54

• Number of readings 45
• Section: Iraq
•  

Christine Lagarde: Indicators to curb corruption

 

BAGHDAD /  

Christine Lagarde

In a new study, we estimate that the lower degree of corruption is associated with higher tax revenues in a similar group of economies. In fact, the difference is very large: up to four percentage points of GDP among countries. Better governance is also associated with higher scores on student tests and greater efficiency In spending on vital infrastructure from roads to schools to hospitals. 
This highlights the enormous benefits that can be gained from curbing corruption, not only in terms of public finances, but also in terms of the benefits that can accrue to society as a whole. 
There is no doubt that there is an international dimension in this regard. Transparency International, for example, has recently updated its Corruption Perceptions Index 10 - where 100 means "very clean". By this measure, two thirds of all countries score less than 50, indicating that they have significant problems in preventing corruption.

Certainly, countries must accept responsibility for what is happening within their borders. But corruption is an international scourge. International cooperation is essential to combat it effectively.

International policy coordination and the role of IFAD

I know that the room is aware of the value of cooperation. Since World War II, in country after country and crisis after crisis, collective action has done great service to the world. IFAD has often been at the center of these efforts. 
During the global financial crisis, the Fund was able to allocate over US $ 500 billion to help prevent another "major depression". In the decade that followed, we supported economic programs in more than 90 countries. 
Our work continues. Look at the advice that IFAD provides to member countries to help them open up their markets and encourage investment. 
Or think about our recent support for critical country programs in Egypt, Tunisia and Jordan. They also thought of Ukraine or Argentina.
Of course, in order to do our work efficiently, we need adequate resources to reach the future. We are therefore counting on the support of our 189 member countries. This is another issue that I expect our ministers and central bank governors to discuss at the spring meetings. I am confident that the support of our member countries remains strong.

http://almasalah.com/ar/news/168289/كريستين-لاجارد-مؤشرات-كبح-الفساد

On the walls surrounding the original room building, the words of the American statesman Daniel Webster were inscribed: "Let us develop the resources of our land, build up its strengths, build its institutions, strengthen all its great interests, and see whether we can, Anniversary ". 
At this defining moment of our global economy, let us work together for a memorable work.

Agencies

[Butifldrm]

 

2019/04/09 12:14

• Number of readings 75
• Section: Iraq
•  

Iraq receives EU support to help fight corruption

 

The European Union, Tuesday 9 April 2019, presented the necessary advice in the fields of combating corruption, reducing human rights violations and assisting Iraq in this field.

"Interior Ministry Inspector-General Jamal al-Asadi met today with representatives of the European Union's mission in Iraq, Mika Antasalo and Ton Crouthenes, in his office at the ministry's headquarters in Baghdad to discuss ways of joint cooperation," a statement from the interior ministry said. 
The statement added that "the delegation of the European Union expressed its readiness for fruitful cooperation and provide the required advice in the areas of combating corruption and reducing human rights violations and help Iraq in this area, calling for more coordination and exchange of information and experience and the activation of joint committees that will improve the performance of the job and spread the values of integrity and justice Transparency ".

The statement quoted al-Asadi as saying that "Iraq is serious in its war on corruption as it was serious in its war on terrorism to achieve victory, as well as in the war on corruption," stressing that "the Iraqi government adopted the draft anti-corruption and put mechanisms and tools to achieve this project from During the activation of the role of the Supreme Council for the fight against corruption as well as activating the role of other regulatory bodies in order to take their role in building the state institutions and fighting the focal points of corruption.

Al-Asadi pointed to "the projects adopted by the Office of the Inspector-General in monitoring human rights issues in the Ministry, including the assignment of a woman to serve as Director of the Human Rights Directorate in the Inspectorate, which in turn put in place a mechanism and a plan of action to ensure close monitoring and monitoring of cases of violations, And the local specialized in this area The two sides also agreed at the end of the meeting to continue coordination and meetings and joint cooperation.

Follow the obelisk

http://almasalah.com/ar/news/168382/العراق-يتلقى-دعما-من-الاتحاد-الأوروبي-لمساعدته-بمكافحة-الفساد

 

[md11fr8dawg]

Just go grab Maliki by the nose and when that little pig quits squealing, you will know where ALL the corruption resides in Iraq. He is the main culprit. Time for a butchering!!!