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In this paper, we discuss some of the concerns about relying too much on discretionary policy, highlighting opportunities to make greater use of automatic fiscal stabilization. Automatic stabilizers are designed to expand during an economic downturn and contract during an expansion—providing timely and temporary fiscal stimulus.

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This paper assesses the various policy responses available to the federal government and argues that when well designed, automatic stabilizers can be an effective part of the policy tool kit for responding to recessions. Report Produced by The Hamilton Project. Related Topics U.


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But the thriving informal markets across the Global South are testimony that something is rotten in the State of Tax Collection. Governments need to clean up their own houses, and provide quality public services, for an effective challenge to tax avoidance to stand a chance. Stephanie Boyd is a Canadian filmmaker and journalist living in Peru. Her most recent film, Karuara, People of the River , is about the Amazon. This article is from the December issue of New Internationalist.

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Tax avoidance: the damage done. Tax avoidance has some of its most pernicious effects in the Global South. Stephanie Boyd reports from Peru. Help us produce more like this Patreon is a platform that enables us to offer more to our readership. X New Internationalist is a lifeline for activists, campaigners and readers who value independent journalism. Related Articles.

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Walter Aduviri — hero or criminal? Human rights defenders are being criminalized in Peru. John Crabtree highlights the unusual case of Walter Aduviri. Ukrainian police connive with far-right hate. Attacks on Roma and others have been ignored by law enforcement. Now two lie dead. Madeline Roache reports.

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Evangelical uprising: a new political opposition in Costa Rica. How corruption in South Africa continues to cost taxpayers billions of rand, by Neil Thompson. UK pushing dodgy Public-Private Partnerships.

Carillion highlights how disastrous these can be — this policy must stop, argues Jenny Nelson. Gina Lopez fights Philippine mining. Vanessa Baird reports. Buenos Aires welcomed the WTO with a week of action. The forgotten children of Sonagachi. By Vanessa Baird.

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Somaliland between clans and November elections. When the police are paid by the mine. In Peru, private corporations are hiring public law enforcers, writes Stephanie Boyd. What it's like when narcos run your privatized water system, Tamara Pearson reports. Maria T Noviello argues nothing could have worked after the Meet those fighting sand-dredging in Cambodia.

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A source of corruption and environmental degradation. Rod Harbinson reports. Connor Woodman reveals the ties that bind transnational mining companies to the Indonesian occupation. Taking on the sand mafia. Hired thugs won't stop S Mugilan. The South Indian activist talks to Sibi Arasu. Exclusive: Ecuador to hold historic referendum on tax havens. Will Ecuadoreans deliver an anti-corruption ultimatum to their politicians and civil servants this Sunday?

The country's Who funds the think tanks? Bishop Johannes Seoka takes the mining company to task, nearly five years after the massacre. The dictionary of deceit. New Internationalist dissects the language of high finance with low motives. The dissimulation game. Tax avoidance is a worldwide system involving many destinations and layers of financial manipulation.

We chart a few of the When Two Worlds Collide — people vs corporate greed. Vanessa Baird reviews a gripping new documentary from Peru which has global implications. For International Day of Democracy, Iris Gonzales offers snap shots of the country's corruption, poverty and drug war.