Countries around the world are implementing emergency fiscal measures to strengthen weakened economies under the threat of the coronavirus (COVID-19).

Providing tax breaks to the most affected people and companies, until the emergency subsides, is welcome. Countries should consider tax reduction measures, because the health issue is creating a substantial economic shock. Taxes requiring regular payments will affect the liquidity of businesses and households.

Therefore, governments should consider fiscal relief as a way to minimize the economic impact of the health crisis.

Suggestions for an economic recovery:

· Comprehensive tax breaks for individuals and small businesses.

· Taxes must match economic development.

· The use of refundable tax credits must be designed to anticipate future credits or deductions.

· Governments should also use this opportunity to set up distorted tax policies that could impede recovery efforts.

· Countries will be implementing tax benefits for companies and families affected by this health crisis.

Always stay connected with Brando Credit Consulting, always bringing information about credit repair and what is happening in the moment of turbulence.