UN Tax Committee: Guidance on Indirect Taxes

28 March, 2025

At the meeting of the UN Tax Committee on 27 March 2025 the subcommittee dealing with indirect taxation matters put forward some potential issues that the next membership of the Tax Committee may wish to consider at future sessions. The

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UN Tax Committee: Extractive Industries Taxation

27 March, 2025

On 25 March 2025 the Subcommittee on the Extractive Industries taxation presented to the UN Tax Committee a draft supplement to Chapter 5 (tax incentives) of the UN Handbook on Selected Issues for Taxation of the Extractive Industries; draft

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UN Tax Committee: Transfer Pricing Subcommittee Discusses Future Guidance

26 March, 2025

On 26 March 2025 the UN Tax Committee discussed their transfer pricing work. Since the previous session of the Committee, the Subcommittee on Transfer Pricing has gathered feedback from members on possible future workstreams that could be pursued by

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UN: New Article 12AA on Taxation of Services Presented for Approval

25 March, 2025

The 30th session of the UN Committee of Experts on International Cooperation in Tax Matters is being held from 24 to 27 March 2025. On 25 March 2025 the Subcommittee on Taxation Issues Related to the Digitalized and Globalized Economy presented

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OECD: Report on Simplified Peer Review of Iceland under BEPS Action 14

11 March, 2025

On 4 March 2025 the OECD issued a stage one simplified peer review report on Iceland under BEPS action 14. The report sets out the results of Stage 1 of the simplified peer review of the implementation of the minimum standard on making dispute

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OECD: Report on Simplified Peer Review of Peru under BEPS Action 14

11 March, 2025

On 4 March 2025 the OECD issued a stage one simplified peer review report on Peru under BEPS action 14. The report sets out the results of Stage 1 of the simplified peer review of the implementation of the minimum standard on making dispute

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WTO Working Paper: Evolution of Preferential Trade Under Regional Trade Agreements

25 February, 2025

A WTO working paper of 7 February 2025, written by Rohini Acharya and Thakur Parajuli has the title The Evolution of Preferential Trade Under Regional Trade Agreements: Has Anything Changed? The paper looks at the question of whether the share of

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World Bank: Survey of Corporate Tax Incentives for Green Growth

15 February, 2025

A World Bank blog published on 13 February 2025, written by Hania Kronfol, Eduardo Antonio and Jimenez Sandoval, assesses the use of corporate tax incentives to encourage environmentally friendly investment. The blog refers to a World Bank

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IMF: Revenue and Spending Measures for Developing Countries to Reduce Debt Levels

08 February, 2025

An IMF Public Finance Management (PFM) Blog, written by Talal Rafi (a Director at EY Sri Lanka) and published on 27 January 2025, looked at the measures developing countries can take to reduce public debt levels. The author notes that more than 3

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IMF Report Makes Tax Policy Recommendations for Japan

08 February, 2025

On 7 February 2025 the IMF published a report following discussions with Japan under Article IV of the IMF’s articles of agreement. The report notes that Japan’s economy contracted in the first half of 2024 as a result of temporary supply

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OECD releases new peer review on preferential tax regimes under BEPS Action 5 

07 February, 2025

The OECD has released the latest peer review results on preferential tax regimes under BEPS Action 5 on 5 February 2025, including new conclusions on eight regimes from the December 2024 Forum on Harmful Tax Practices (FHTP) meeting. According to

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WTO Working Paper: Continuing Significance of MFN Trading Terms

25 January, 2025

A WTO working paper of 15 January 2025, written by Tomasz Gonciarz and Thomas Verbeet, has the title Significance of most-favoured-nation terms in global trade: A comprehensive analysis. Under the WTO's MFN trading principle, member countries of

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IMF Working Paper: Is Tax Policy Supporting a Costly Industrial Policy in Mozambique

23 January, 2025

An IMF working paper written by Santos Bila, Utkarsh Kumar and Alexis Meyer-Cirkel with the title Is Tax Policy Costly Industrial Policy in Mozambique? Finds that tax advantages do not compensate for shortcomings in economic conditions. The

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IMF Working Paper: Strengthening Tax Governance Through Legal Design

22 January, 2025

An IMF working paper of 17 January 2025 written by L. Sofrona, C. Waerzeggers and B. Crowley with the title Strengthening Tax Governance Through Legal Design looks at tax governance in tax administration and how this can be strengthened. The

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World Bank: Global Economic Prospects

19 January, 2025

The World Bank report Global Economic Prospects was issued in January 2025. The report notes that global growth is projected to remain steady at 2.7% in 2025/26, but this relatively low growth rate will not be sufficient to promote sustained

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IMF: Briefing on the World Economic Outlook

18 January, 2025

In the briefing on the latest World Economic Outlook on 17 January 2024, the Director of the IMF’s Research Department confirmed that global growth is projected to remain steady at 3.3% in 2025 and 2026. Globally, inflation is expected to decline

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IMF Updates World Economic Outlook

17 January, 2025

On 17 January 2025 the IMF published the update to the World Economic Outlook, with the subtitle Global Growth: Divergent and Uncertain. The update notes that global growth is expected to remain stable at 3.3% in both 2025 and 2026, below the

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IMF Report looks at Australia’s Economic Position

17 January, 2025

On 23 December 2024 the IMF staff issued a report following consultations with Australia under Article IV of the IMF’s articles of agreement. Economic growth is projected increase gradually, from 1.2% in 2024 to 2.1% in 2025. Real income growth

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