IMF report comments on tax policy in Slovenia
On 29 March 2016 the IMF issued a concluding statement on the completion of discussions with Slovenia under Article IV of its articles of agreement. The report notes that employment and private consumption have been strengthened by an export led
See MoreIMF report comments on tax policy of Pakistan
On 25 March 2016 the IMF issued a press release in connection with the tenth review under the Extended Fund Facility for Pakistan. The IMF notes that economic activity has continued to gain strength. Further progress is required on structural
See MoreIMF report comments on fiscal policy of Thailand
On 28 March 2016 the IMF issued a report following discussions in Thailand under Article IV of the IMF’s articles of agreement. The economy of Thailand recovered in 2015 following a slowdown and output reached 2.8%. The recovery is expected to
See MoreIMF Working Paper looks at reform priorities of Chinese tax administration
On 17 March 2016 the IMF published on its website a Working Paper entitled Tax Administration Reform in China: Achievements, Challenges and Reform Priorities. The paper notes that tax administration improvements have doubled China’s tax to GDP
See MoreOECD: Latin American Revenue Statistics
The OECD has published the revenue statistics for Latin American and Caribbean countries. The report entitled Revenue Statistics in Latin America and the Caribbean was produced by the Inter-American Centre of Tax Administration (CIAT), the Economic
See MoreOECD: Fifth Global Forum on Transfer Pricing
The fifth Global Forum on Transfer Pricing convened on 2 and 3 March 2016 with contributions from government and from regional and international organizations. At the meeting the Director of the OECD Centre for Tax Policy and Administration invited
See MoreIMF comments on Luxembourg tax changes
As part of a report on Luxembourg’s economic position following discussions under Article IV of its articles of agreement the IMF has commented on the current tax reform. The report notes that implementation of the international tax transparency
See MoreIMF Managing Director Discusses Revenue Mobilization and International Taxation
On 22 February 2016 the IMF Managing Director spoke in Abu Dhabi on the issue of revenue mobilization and international taxation. A text of the speech has been published on the IMF’s website. At the moment many countries need to generate higher
See MoreFinland: IMF report on the value added tax compliance gap
On 23 February 2016 the IMF published a technical assistance report on the analysis of the value added tax (VAT) gap in Finland. The estimates of the VAT gap in Finland were made by the IMF for the years 2008 to 2014 under the Revenue Administration
See MoreDenmark: IMF report on the value added tax gap
On 23 February 2016 the IMF published a technical assistance report on the analysis of the value added tax (VAT) gap in Denmark. Estimates of the VAT gap in Denmark were made for the years 2008 to 2012. The IMF’s methodology for the Revenue
See MoreUK: IMF report and selected issues paper look at property taxation
The IMF has published a staff report and a selected issues paper following the conclusion of consultations with the UK under Article IV of the IMF’s articles of agreement. The UK economy has been growing steadily and growth is set to continue at
See MoreOECD to broaden participation in BEPS
On 23 February 2016 the OECD agreed a new framework to broaden participation in the OECD/G20 project on base erosion and profit shifting (BEPS). The new framework will be submitted to the G20 Finance Ministers for approval at their meeting on 26 and
See MoreAustria: IMF Selected Issues Paper looks at the tax system
Following consultations with the Austrian government the IMF has published a staff report and a selected issues paper looking at the tax revenues and government expenditure. The selected issues paper notes that the Austrian government announced an
See MoreSri Lanka: World Bank study highlights low tax collection
The World Bank published a Systematic Country Diagnostic on Sri Lanka on 1 February 2016. This looks at the key obstacles to sustained progress in ending poverty and increasing prosperity. The study identifies the low tax to GDP ratio as an
See MoreHungary: IMF report recommends tax changes
The International Monetary Fund (IMF) has issued a concluding statement describing the preliminary staff findings following consultation with Hungary under Article IV of the IMF’s articles of agreement. The Hungarian economy is performing well
See MoreWorld Bank to review efficiency and equity of Latvia’s tax system
The World Bank and Latvia’s Ministry of Finance have signed the Latvia Tax Policy and Equity Reimbursable Service Agreement (RAS) with the objective of reviewing the tax system in Latvia and finding ways to improve its efficiency, competitiveness
See MoreNetherlands: IMF paper comments on the tax system
On 11 February 2016 the IMF issued a staff report and selected issues paper in connection with discussions with the Netherlands under Article IV of the IMF’s articles of agreement. The selected issues paper covers the possibility of further tax
See MoreIMF report comments on tax policy of Sri Lanka
On 5 February 2016 the IMF released a report on the conclusion of discussions by its staff in Sri Lanka under Article IV of the IMF’s articles of association. The Sri Lankan economy has been performing positively and real GDP growth was 5.2% in
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