Fiscal Improvisation

TL;DR

Government plans to reinstate suspended taxes to fund flood relief, totaling $8.6 trillion.
New taxes include a wealth tax on companies, a tax on online gaming, and a tax on asset normalization.
Critics warn that these measures could harm businesses, deter foreign investment, and create fiscal instability.
Concerns are raised about the transparency and control of funds managed by the UNGRD.
The article proposes a more measured approach with stricter limits on the wealth tax, clear targets for asset normalization, and enhanced transparency in fund management.

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