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

TOP PICKS

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
READ FULL ARTICLE
Roger E.A. Farmer

Roger E.A. Farmer

Roger E.A. Farmer is professor of economics at the University of Warwick, research director at the National Institute of Economic and Social Research, and author of Prosperity for All: How to Prevent Financial Crises.