IMF: Tax hikes need not harm growth

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The Supranational Monetary Fund says that some rich countries could instigate top rates of income tax without harming economic performance.

A new report from the IMF looks at what administrations can do about inequality.

It also says that income from main needs to be taxed adequately.

The IMF argues that government spending and tax ways play an important role in determining the level of inequality, which it holds has increased in most developed economies in recent decades.

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