Be the first to like this
Hopes are high, and indications are promising, that the global recession that began in 2008 is technically now over. And, like all the similar global economic crises that have preceded it, it casts a long shadow.
The consequences for public finance and taxation are challenging, as governments work to manage and reduce the debts that many have incurred in their stabilization efforts.
KPMG commissioned an international study, examining the views of businesspeople around the world on the succes or failure of their governments' economic stimulus programs, and on the best way to deal with the resulting public debt.
KPMG spoke to nearly 600 senior corporate decision makers from 26 countries. Their response revealed a clear divide between the US, Europe an the Asia-Pacific countries on the value of government intervention.
This report summarizes the results of this survey, and offers some insights into the possible future direction of public revenue policy around the world.