Study: Tax reforms would curb income inequality

Published April 30, 2014 3:31pm ET



WASHINGTON (AP) — The Organization for Economic Cooperation and Development on Wednesday recommended a series of tax changes to limit the worldwide rise in income inequality.

The Paris-based OECD, which includes the United States among its 34 members, advised taxing various forms of investment gains as ordinary income. Many forms of investment returns are now taxed at lower rates than ordinary income and disproportionately benefit the richest 1 percent.

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