Mario Draghi, president of the European Central Bank and chairman of the European Systemic Risk Board, is among those sounding the alarm over the dip in productivity growth, potentially leading to declines in per capita income and output. Photo: EPA-EF

With intangible investments on the rise, governments must rethink tax collection to pay their bills

Roger E.A. Farmer says as those profiting from technological progress are increasingly paid in stock options, and companies invest more in intangible assets like data, branding and software, a change in tax rates may be necessary to pay for public services

Topic |   Capital gains tax

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Mario Draghi, president of the European Central Bank and chairman of the European Systemic Risk Board, is among those sounding the alarm over the dip in productivity growth, potentially leading to declines in per capita income and output. Photo: EPA-EF
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