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According to the IMF, the bank tax should be discontinued at the end of its three-year term and could be replaced by harmonizing VAT rates, strengthening green taxation and more efficient public spending.
IMF states that global financial stability risks have grown significantly, driven by tighter financial conditions and heightened trade and geopolitical uncertainty.
@BusinessEurope: The EU should strengthen and complete the Capital Markets and Banking Union to improve access to finance for companies, develop risk-capital and attract more investments.
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