Net zero and ageing populations risk higher taxes, warns City bank
The transition to net zero and pressures from ageing populations risk pushing up the tax burden, a City bank has warned. Analysts at BNP Paribas, a French multinational bank, said that spending demands from several economic shifts meant states would likely be permanently bigger. As a result, Marcelo Carvalho, the global head of economics, said: “I think it’s very unlikely that the tax burden is going to go down meaningfully anywhere in the world. “It’s more likely that it either stays where...
