Tax Challenges and Opportunities of Post-COVID-19 Economic Recovery

Governments around the world have taken urgent measures including both fiscal and monetary policies, to address the severe economic effects of the COVID-19 pandemic. Initially measures were taken to support businesses and individuals during the pandemic, to support unemployed people and reduce insolvencies resulting from the crisis; however, as the health situation around the world begins to improve, countries affected by the pandemic should take measures to stimulate growth and employment. This article argues that countries should act to promote investment and economic growth, in support of green energy and future technologies. Policy measures could include tax and non-tax incentives. Stimulus measures should be carefully targeted to achieve the intended result and their effects should be monitored through the collection of relevant statistics. The BRITACOM can be a platform to establish standards and exchange experiences.