International aid only has a limited impact on the fight against poverty, as opposed to trade and entrepreneurial capitalism. Meanwhile, international bureaucrats are still busy crafting new taxes for development assistance. In 2000, the United Nations Development Programme started talking about Innovative Financing for Development (IFD), a complex set of spending projects and organizations in the field of development assistance that are to be funded mostly by new taxes. The authors of this Research Paper are unequivocal: IFD taxes combine nearly all the possible flaws a tax can have, both politically and economically.
Links of interest
Media release :: New taxes to help… international bureaucrats