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April 30, 2020
How governments are using tax to help economies affected by COVID-19
COVID-19 isn’t just a worldwide pandemic; it’s becoming the biggest economic shock at least since the global financial crisis of 2008/09 – and possibly one of the most disruptive shocks to the global economy ever. Governments are racing to “flatten the curve” and keep their people healthy through travel restrictions, social distancing, and lockdowns and are using tax relief as part of a mix of fiscal stimulus after ‘flattening the curve‘ of COVID-19 flattened their economies. An EY article provides details.