OECD: Progress Report to G7 Finance Ministers on Tax Cooperation
On 11 May 2023 the OECD published a progress report on tax cooperation for the G7 Finance Ministers and central bank governors. A report on these issues had been produced in 2022 and the G7 Finance Ministers asked the OECD to continue its work on
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IMF Report Looks at Portugal’s Economy
On 9 May 2023 the IMF issued a report following discussions with Portugal under Article IV of the IMF’s articles of agreement. The economic recovery from the pandemic continued strongly into 2022 with growth of 6.7% led by stronger tourism and
See MoreIMF Comments on the Economy of Mozambique
On 6 May 2023 the IMF issued a press release following discussions with Mozambique in relation to the second review of the program under the extended credit facility (ECF) arrangement. The report notes that Mozambique’s economic recovery has
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IMF Report Looks at the Economy of Hong Kong SAR
On 4 May 2023 the IMF published a report following discussions with Hong Kong SAR, China under Article IV of the IMF’s articles of agreement. The economy of the Hong Kong SAR economy has been recovering following the problems caused by the
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IMF: Economic Growth in Sub-Saharan Africa Vulnerable to Geopolitical Tensions
An IMF country focus published on 1 May 2023 noted that if geopolitical tensions continue to escalate, sub-Saharan Africa could experience an economic decline of up to 4% of real GDP after ten years. This estimate is based on a scenario where the
See MoreOECD: Taxing the Informal Economy: Policy, Evidence and Lessons for the Future
On 4 April 2023 a webinar was held to present the results of two studies on presumptive tax regimes and the informal sector, and to draw lessons for the future design of such taxes. The webinar was co-hosted by the International Centre for Tax
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OECD: Communication and Engagement with SMEs
On 3 April 2023 the OECD’s Forum on Tax Administration (FTA) published another report in its series on Supporting Small and Medium-sized Enterprises to Get Tax Right, this time looking at ways in which tax administrations can organise
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IMF Report Looks at Tanzania’s Economy
On 24 April 2023 the IMF issued a report following the first review of the extended credit facility (ECF) Arrangement and the 2023 Article IV Consultation with Tanzania. Tanzania’s economic reform program is continuing well despite the
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IMF: Leveraging Anti-Money Laundering Measures to Improve Tax Compliance
On 21 April 2023 the IMF published a working paper with the title Leveraging Anti-money Laundering Measures to Improve Tax Compliance and Help Mobilize Domestic Revenues. The paper points out that anti-money laundering (AML) measures could be used
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OECD: Reform Options for Climate Neutrality in Lithuania
On 24 April 2023 the OECD published a report outlining the reform options for Lithuanian climate neutrality by 2050. The report sets out the policy options that could be followed by Lithuania to reach its target for climate neutrality, taking
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OECD: Tax Transparency in Asia
On 27 April 2023 the OECD published Tax Transparency in Asia 2023: Asia Initiative Progress Report. The report documents the progress made by countries in Asia between 2009 and 2022 in implementing the requirements on transparency and exchange of
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OECD: Taxing Wages 2023
On 25 April 2023 the OECD published Taxing Wages 2023, containing the latest annual analysis of tax rates on income from labour in the OECD. The analysis shows that the effective tax rates on labour income rose on average in the countries of the
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IMF Report Considers the Economic Outlook in Poland
On 24 March 2023 the IMF published a report following discussions with Poland under Article IV of the IMF’s articles of agreement. The report notes that the Polish economy has been facing difficulties as a result of the Ukraine war. Economic
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IMF: Working Paper on Tax Buoyancy
On 17 March 2023 the IMF published a working paper with the title: A Deep Dive into Tax Buoyancy: Comparing Estimation Techniques in a Large Heterogeneous Panel, by A. Cornevin, J. S. Corrales and J.P. Angel. The paper looks at new evidence relating
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OECD: Peer Review Report on the Prevention of Treaty Shopping
On 21 March 2023 the OECD released the latest peer review results following assessment of the actions taken by each country to prevent tax treaty shopping under BEPS Action 6. The Fifth Peer Review Report on Treaty Shopping assesses the
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Spain: MoF releases public consultation implementing global minimum tax
On 6 March 2023, the Spanish Ministry of Finance published a public consultation document on the transposition of the EU Directive implementing Pillar Two global minimum tax rules (Council Directive 2022/2523 of 14 December 2022, “Minimum Tax
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IMF Report looks at Luxembourg’s Economy
On 10 March 2023 the IMF issued a report following consultations with Luxembourg under Article IV of the IMF’s articles of agreement. Luxembourg’s economy has recovered well from the pandemic despite the external challenges in 2022, although
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OECD: Design of Presumptive Tax Regimes
An OECD Tax Working Paper on the design of presumptive tax regimes was published on 14 February 2023. Presumptive tax regimes aim to simplify the tax compliance process for micro and small businesses. They aim to bring taxpayers into the formal
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