Little exercise. Ask what are the causes of the public finance crisis affecting developed countries? You will be told the waste of public funds, overly generous social programs or the exorbitant costs of health. But there is little risk of being quoted as “tax termites”, these tax anomalies that deprive governments of billions of revenues. But they are the main culprits.
This is what emerged from a debate on the fiscal origin of financial, economic and sovereign debt crises, organized by tax expert and author Brigitte Alepin on April 30 in Montreal.
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