EU: Sectoral Policies for Climate Change Mitigation

19 September, 2020

On 16 September 2016 the EU published a departmental paper entitled Sectoral Policies for Climate Change Mitigation in the EU. The paper examines climate mitigation policy in five sectors that in aggregate account for 95% of greenhouse gas

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IMF: Effect of the COVID-19 Crisis on Lower Income Developed Countries

28 August, 2020

An IMF blog post, dated 27 August 2020, notes that the low income developing countries (LIDCs) are in a difficult position to combat the COVID-19 crisis. They have already been hard hit by external shocks and the lockdown measures are causing their

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IMF: Aging Economies May Benefit Less from Fiscal Stimulus

25 August, 2020

An IMF blog posted to its website on 7 August 2020 suggests that economies with a higher proportion of older people may gain less momentum from a fiscal stimulus compared to countries with a younger demographic. The blog is based on research from

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IMF Report Discusses Australia’s Economic Situation

06 March, 2020

On 4 March 2020 the IMF published a report following the conclusion of discussions with Australia under Article IV of the IMF’s articles of agreement. Economic growth recovered gradually in 2019 with a contribution from net exports. Growth is

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Taiwan: MOF approves regulation on repatriation of offshore funds

07 September, 2019

On 15 August 2019, Taiwan's Ministry of Finance (MOF) has approved regulations on repatriation, use and taxation of offshore installations in order to guide China's personal and for profit business funds to return to Taiwan to invest in physical

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Oman introduces tax incentives for tourism investments

05 July, 2019

Recently, Oman has introduced a tax incentive for every new investor looking to build a tourism project in Musandam. According to the new regulation, investors are exempted from customs duties for building materials, tools and equipment

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Puerto Rico proposes tax incentives for qualifying Opportunity Zones

31 May, 2019

On 14 May 2019, Governor of Puerto Rico signed the Senate Bill 1147 (the Opportunity Zones Development Act), offering tax incentives for investments in qualifying Opportunity Zones. The act permits the investors following benefits: The new act

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Singapore presents Budget for 2019

19 February, 2019

On 18 February 2019, the Finance Minister of Singapore delivered the Budget for 2019. The main tax-related measures are summarized below: To maintain support to companies in their automation, productivity and scale-up efforts, the 100%

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Turkey: Decree publishes that amends investment incentive rules

08 March, 2018

The Government has published Decree No. 2018/11297 on February 22, 2018, in the Official Gazette. It has already come into force on the similar day. This decree changes the provincial or regional incentives rules. With the help of this amendment,

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Thailand launches SMART visa to enhance Thai industries

23 January, 2018

By mid-January 2018, the Government of Thailand will launch a “Smart Visa” scheme which grants 4 years permission to investors and highly skilled professionals working within 10 specialized fields. The Smart Visa targets foreign entrepreneurs,

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WTO and ICC: Participation by small business in international trade

26 August, 2017

An initiative launched by the World Trade Organization (WTO) and the International Chamber of Commerce (ICC) encourages companies and private sector organizations to suggest innovative ideas to promote cross-border trade by micro, small and medium

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OECD: Report on small businesses in Canada

01 August, 2017

On 29 July 2017 the OECD published a report entitled SME and Entrepreneurship Policy in Canada.  The report looks at entrepreneurship activity, business structures, federal programmes, productivity and innovation among small and medium enterprises

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Canada: New tax proposal increases uncertainty for SMEs

27 July, 2017

A new federal tax proposal was announced on 18th of July 2017 by the Finance Minister and it could have a chance of uncertain consequences for small businesses and enterprises (SMEs). The Canadian Federation of Independent Business (CFIB) has

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WTO: Measures to facilitate cross-border trade for MSMEs

30 June, 2017

On 29 June 2017 the WTO’s Director General spoke during an informal dialogue on Micro, Small and Medium Enterprises (MSMEs). These entities face greater barriers to cross-border trading and WTO members have put forward some ideas to deal with the

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Vietnam: National Assembly passes law on supporting SMEs

22 June, 2017

On 12 June, the National Assembly passed the Law on the support of small and medium-sized enterprises (SMEs). The measure will help to improve the quality of growth and change the nation's economic growth model. Under the new law, SMEs include

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Pakistan: Publishes guidelines for facilitating foreign investors

04 April, 2017

On 1 April 2017, Pakistan Government has issued guidelines to the administrative heads of divisions, attached departments and autonomous bodies to facilitate domestic and foreign investment and the setting up of and running businesses in

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Israel: Tax incentives on capital investment in hi-tech industry introduced

16 February, 2017

An amendment to the Law for the Encouragement of Capital Investments has been published by Israel on 29th December 2016, which was part of the changes made in the framework of the 2017-2018 Law on Economic Arrangements. Corporate income tax (CIT)

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India: Approves amendment in modified special incentive package Scheme

24 January, 2017

On 18 January 2017, the Indian Union Cabinet has given its approval for amendment in the Modified Special Incentive Package Scheme (M-SIPS) to further incentivize investments in Electronic Sector and moving towards the goal of ‘Net Zero imports’

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