Hungary: 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
See MoreIMF Technical Note on introducing a GAAR
On 31 January 2016 the IMF issued a technical note on ensuring that a general anti-avoidance rule (GAAR) achieves its purpose. Many countries have either introduced a GAAR or are considering its introduction, which the objective of combating
See MoreBahrain: IMF report comments on economic position
A statement issued by the IMF at the conclusion of consultations with Bahrain under Article IV of the IMF articles of agreement comments on the economic position. The low oil prices have lowered exports and fiscal revenues. Economic growth
See MorePakistan: IMF paper comments on the tax system
Following consultations with Pakistan under Article IV of its articles of agreement the IMF published a report and a selected issues paper on 12 January 2016. One of the matters examined in the issues paper is how to unlock Pakistan’s revenue
See MoreGhana: IMF report comments on tax policy
Following the completion of a review of Ghana’s economic performance the IMF has published a report covering the economic outlook. The IMF considers the outlook for Ghana is difficult with downside risks. The fiscal consolidation target for 2015
See MoreIMF report comments on economic policy of Slovak Republic
Following the completion of talks with the Slovak Republic on 11 January 2016 the IMF has issued a report on the economic and fiscal position. Slovakia is one of the stronger economies in Europe and economic growth is projected to be 3% to 3.5% in
See MoreLiberia: IMF report comments on economic and fiscal position
On 8 January 2016 the IMF published a staff report in connection with the extended credit facility arrangement with Liberia. The IMF reports that poverty and food insecurity remain higher than before the Ebola crisis and that the commodity price
See MoreIMF Managing Director addresses policy priorities of CEMAC
The Managing Director of the IMF addressed policy issues in a speech to the Central African Economic and Monetary Community (CEMAC) published on 8 January 2016. The speech covered economic issues facing the Central African region including the slump
See MoreNigeria: IMF Managing Director Speaks at National Assembly
In a speech to the National Assembly on 6 January 2016 the IMF Managing Director summarized the global and regional economic position and the implications for national policy. The sub-Saharan Africa region is entering a period of reduced commodity
See MoreChile: IMF Working Paper considers impact of structural reforms
On 29 December 2015 the IMF published a Working Paper entitled Long-term Gain, Short-Term Pain: Assessing the Potential Impact of Structural Reforms in Chile. IMF Working Papers are published for the purpose of encouraging comments and do not
See MoreSweden: IMF Working Paper considers effects of taxation on housing and debt
An IMF Working Paper published in December 2015 entitled Housing Price and Household Debt Interactions in Sweden makes some comments on the effects of the taxation system on these issues. The study notes that household debt in Sweden is higher than
See MoreECJ: Advocate General’s opinion in the Gemeente Borsele case
The Advocate General of the European Court of Justice (ECJ) has issued an opinion in the Gemeente Borsele case. This concerns the question of whether a local authority should be treated as a taxable person for value added tax (VAT) purposes where it
See MoreIMF: Working Paper looks at fiscal policy and institutions in Africa
The IMF has published a Working Paper entitled Exiting from fragility in sub-Saharan Africa: The role of fiscal policies and fiscal institutions. This Working Paper looks at the role of fiscal policies and institutions in building resilience in
See MorePakistan: IMF comments on economic position
On 18 December 2015 the International Monetary Fund (IMF) issued a report on Pakistan’s economic position following its ninth review under the External Fund Facility. The report notes that Pakistan’s economic growth remains robust.
See MoreGabon: IMF comments on economic position
On 24 December 2015 the IMF issued a report following the conclusion of discussions with Gabon under Article IV of the IMF’s articles of agreement. The report notes that the oil price collapse is a major challenge to Gabon’s economy as oil
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