The IMF does not wish to pay taxes on the salaries of employees at its representative office in Latvia, despite these workers being Latvian citizens according to magazine The Baltic Course. With legal provisions clearly stipulating tax obligations in this case, the Latvian foreign minister says that by not making social security tax and income tax payments, the IMF is acting unlawfully. The IMF’s position in the dispute is at odds with the austerity measures imposed on the country under the current Stand-by Agreement. In its July Letter of Intent to the IMF, Latvia committed to “intensifying [its] efforts to improve tax administration and encourage tax compliance.”
1 April 2008
14 June 2010
1 April 2008
It is time for the IMF and World Bank to understand their own responsibility and decolonise their approach.
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The Bretton Woods Project is a UK-based NGO that challenges the World Bank and IMF and promotes alternative approaches. We serve as an information provider, watchdog, networker and advocate. Our flagship publications are the Bretton Woods Observer, a quarterly critical review of developments at the World Bank and IMF, the Dispatch, a biannual analysis of the World Bank and IMF Spring and Annual Meetings, and the NewsLens, a bi-weekly roundup of key news and critical viewpoints published about the World Bank and IMF.
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