OECD: Report to G20 Finance Ministers
On 11 July 2022 the OECD published the Secretary General’s report to the G20 Finance Ministers and Central Bank Governors for their July 2022 meeting. Two-pillar international tax deal The report notes that the technical work on the 15%
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OECD: Improving the Resilience of Subnational Government Finances after the Pandemic
On 30 June 2022 the OECD published a Fiscal Federalism Working Paper entitled Improving subnational governments’ resilience in the wake of the COVID-19 pandemic. The paper looks at the resilience of the finances of subnational governments
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IMF Report Considers Austria’s Economic Situation
On 13 June 2022 the IMF published a report following discussions with Austria under Article IV of the IMF’s articles of agreement. Although Austria’s economy was seriously impacted by the pandemic, partly due to the size of the tourism
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IMF Report Considers Romania’s Economic Situation
On 10 June 2022 the IMF published a report following discussions with Romania under Article IV of the IMF’s articles of agreement. Romania’s economy recovered well after the pandemic; but is now facing strong challenges. The GDP
See MoreIMF Report Considers Fiscal Policy in Lithuania
On 7 June 2022 the IMF published a report following discussions with Lithuania under Article IV of the IMF’s articles of agreement. Before the Ukraine war began, Lithuania’s economy was recovering strongly. A recession was avoided in 2020 by
See MoreWorld Health Organisation looks at the effect of the tobacco industry on the environment
On 29 May 2022 the World Health Organisation (WHO) published a document entitled Tobacco: Poisoning Our Planet looking at the environmental damage caused by the tobacco industry. The report looks at the damage done to the environment throughout the
See MoreUK: Research on Plastic Packaging Tax
On 9 May 2022 the UK published research on the plastic packaging tax. The research was conducted in 2019 with businesses that are involved in handling plastic packaging. The research aimed to understand how different types of businesses handle
See MoreIMF Report on Slovakia Makes Policy Recommendations
On 20 May 2022 the IMF issued a report following discussions with Slovakia under Article IV of the IMF’s articles of agreement. During 2021 the recovery of the Slovak economy was dampened by resurgence of the pandemic and supply chain
See MoreIMF Report Considers the Economic Situation in Italy
On 19 May 2022 the IMF issued a concluding statement following discussions with Italy under Article IV of the IMF’s articles of agreement. By the end of 2021 Italy’s economy had recovered to a level close to its pre-pandemic output,
See MoreIMF Report Comments on the Economic Situation in Portugal
On 16 May 2022 the IMF published a report following discussions with Portugal under Article IV of the IMF’s articles of agreement. Following a deep recession during the pandemic the economy has begun to recover. The economy was hit harder than
See MoreIMF Report Considers Fiscal Policy in Denmark
On 9 May 2022 the IMF issued a report following discussions with Denmark under Article IV of the IMF’s articles of agreement. The economic recovery is likely to continue in Denmark, with the lifting of restrictions introduced during the
See MoreIMF Report Looks at the Economic Situation in Greece
On 31 March 2022 the IMF published a report following discussions with Greece under Article IV of the IMF’s articles of agreement. The economy has recovered strongly from the recession in 2020 caused by the pandemic; and output recovered to
See MoreIMF issues Report on the Economy of Cyprus
On 29 March 2022 the IMF published a report on the economic situation of Cyprus, following discussions under Article IV of the IMF’s articles of agreement. Cyprus is vulnerable to the economic consequences of the geopolitical tensions and the
See MoreIMF Report Considers the Economic Situation in Luxembourg
On 11 March 2022 the IMF published a report following discussions with Luxembourg under Article IV of the IMF’s articles of agreement. The report notes that Luxembourg’s economy has recovered quickly from a relatively mild contraction in
See MoreEU: Joint European Action for Affordable and Sustainable Energy
On 8 March 2022 the European Commission issued a communication entitled REPowerEU: Joint European Action for more affordable, secure and sustainable energy. This document notes that the current geopolitical situation requires independence from
See MoreOECD: Tax Report for the G20 Finance Ministers
On 18 February 2022 the OECD presented its tax report for the G20 Finance Ministers and Central Bank Governors. The main parts of the report are summarised below. Two-Pillar International Tax Package In October 2021 the OECD Inclusive
See MoreIMF report looks at tax reforms in Morocco
On 9 February 2022 the IMF published a report following discussions with Morocco under Article IV of the IMF’s articles of association. After contracting in 2020, the economy is estimated to have grown by 6.3% in 2021. GDP growth is projected
See MoreEU: Role of Environmental Taxation in Supporting the Transition to Sustainability
On 7 February 2022 the European Environment Agency (EEA) issued a briefing entitled The role of environmental taxation in supporting sustainability transitions. This examines trends in taxes on pollution, greenhouse gases and resource use and
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