IMF: Report on the economy of Poland
On 14 December 2021 the IMF published a report following discussions with Poland under Article IV of the IMF’s articles of agreement. The economic outlook is favourable over the medium term and growth is project to average 3.25% in the period
See MoreOECD: Tax Policy and Climate Change
A report on Tax Policy and Climate Change, produced by the IMF and the OECD, was included as an attachment to the OECD report for the meeting of G20 Finance Ministers on 13 October 2021. Carbon taxes and emissions trading systems result in
See MoreOECD: Tax and Fiscal Policy after the Pandemic
The OECD prepared a separate report entitled Tax and Fiscal Policy After the COVID-19 Crisis for the meeting of G20 Finance Ministers on 13 October 2021. This report was included as an attachment to the main report to the Finance Ministers. The
See MoreOECD: Report to G20 Finance Ministers Meeting
The OECD has published its report prepared for the meeting of G20 Finance Ministers on 13 October 2021. Two Pillar Solution on Tax Challenges of the Digital Economy The report notes that the two-pillar approach to digital economy taxation
See MoreIMF Report Discusses Developments in the Netherlands
On 28 September 2021 the IMF issued a report on the Netherlands economy following consultations under Article IV of the IMF’s articles of agreement. The report notes that the Netherlands economy suffered a relatively small recession in the
See MoreWorld Bank: Conference looks at implementation of new tax instruments
On 1 October 2021 the second day of the Third World Bank Tax Conference looked at the practical implementation of new tax instruments. Sugar tax in South Africa The sugar-sweetened beverage tax in South Africa was first announced in the 2016
See MoreWorld Bank: Third Tax Conference Discusses Environmental Taxes
The first day of the Third World Bank Tax Conference on 30 September 2021 included a session on environmental taxes, focusing on carbon pricing and carbon taxes. Some issues raised in the discussion are summarised below. Carbon rebate
See MoreUN: Tax Committee Approves Handbook on Carbon Taxation for Developing Countries
The twenty-second session of the UN Committee of Experts on International Cooperation in Tax Matters, held from 19 to 28 April 2021 has approved the final chapters of the Handbook on Carbon Taxation for Developing Countries. The whole publication
See MoreIMF: Analysis of Fiscal Measures to Reduce US Emissions
An IMF blog of 10 March 2021 entitled A New Vision for the US Climate Agenda looks at fiscal actions that would help curb emissions. The US climate plan aims for US carbon neutrality by 2050, achieved by public funding for clean energy
See MoreOECD: Report to the Meeting of G20 Finance Ministers
The OECD has published on its website the report prepared for the meeting of G20 Finance Ministers and Central Bank Governors held on 27 February 2021. Taxation of the Digital Economy Unless an international consensus solution is found for
See MoreOECD: Combining Green Budgeting and Tax Policy Tools
An OECD Environment Focus published on the website on 29 October 2020 looked at the use of a combination of green budgeting and environmental tax policy to bring about an improved economic recovery after the pandemic. The OECD note referred to a
See MoreIceland: Parliament approves a bill to implement tax measures under 2021 budget
On 1 October 2020, the Icelandic Parliament approved a Bill No.5 in order to implement tax measures under the 2021 budget. The bill includes the following measures; Taxes on carbon, alcohol and tobacco, oil, and car tax increased by
See MoreIMF: Securing China’s Post-Pandemic Recovery
On 24 September 2020 a blog post by the IMF’s First Deputy Managing Director Forum on National Affairs looked at reforms needed to ensure China’s recovery from the economic problems caused by the pandemic. Global Economic Outlook The blog
See MoreEU: Climate Mitigation Policy
On 16 September 2020 the European Union (EU) published on its website a departmental paper on EU Climate Mitigation Policy. The EU’s Emission Trading System (ETS) limits the total amount of emissions and allows participants to trade emission
See MoreOECD: Tax Policy for Economic Recovery
An OECD blog post on 3 September 2020 noted that countries have generally acted quickly to limit the economic consequences of the COVID-19 crisis, introducing fiscal packages of various sizes focusing on income support for households and
See MoreUK: Consultation on Carbon Emissions Tax
On 21 July 2020 the UK issued a consultation document in relation to the detailed operation of a carbon emissions tax. Comments are invited from interested parties by 29 September 2020. Emissions Trading System Under the withdrawal agreement
See MoreUN: Virtual Meetings of the Committee of Tax Experts
The UN Committee of Experts on International Cooperation in Tax Matters held their twentieth session in the form of a series of virtual meetings from 22 to 26 June 2020. In the meetings the Committee emphasised the need to provide guidance and
See MoreOECD: Working Paper on Effectiveness of Carbon Pricing Design
An OECD working paper entitled Carbon Pricing Design: Effectiveness, Efficiency and Feasibility was posted on the OECD website on 22 June 2020. The paper notes that carbon pricing helps countries to achieve carbon neutrality and looks at ways to
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