Posts by: Peter Hann


IMF urges Serbia to strengthen tax administration and transparency reforms to support growth

On 15 June 2026 the IMF issued a report following the Third Review under the Policy Coordination Instrument (PCI). The report notes that Serbia’s economy has remained resilient, and economic activity strengthened in 2026, following economic growth of 2% in 2025. Growth is projected to rise to around 2.8% in 2026 and to accelerate to 4.0%...

IMF urges Ukraine to reform tax system, tackle informal economy to support growth and revenue mobilisation

On 12 June 2026 the IMF issued a report following discussions with the Ukrainian authorities on the first review of the four-year extended fund facility (EFF) arrangement and the 2026 Article IV consultation. The Article IV discussions focused on policies to promote economic growth within a dynamic market-based economy. The IMF recommended reforms to make...

IMF study finds R&D tax incentives drive innovation only when skilled research talent is available

An IMF working paper with the title “Innovation, Human Capital, and Taxation: Evidence from a Structural Model of the Canadian Economy”, written by Sandra Valentina Lizarazo Ruiz, was released in June 2026.The working paper looked at the effectiveness of research and development (R&D) subsidies in promoting innovation and long-term economic growth, examining the role of...

US: Supreme Court to determine fate of Trump’s sweeping global tariffs on 14 January

The US Supreme Court is expected to deliver its latest round of decisions on 14 January 2026 on the legality of President Donald Trump’s global tariff policy. The court noted that its rulings may be announced when the justices convene for their scheduled session next Wednesday (14 January). The tariffs case is widely seen as...

Bulgaria: Government withdraws 2026 draft budget law amid protests

Bulgaria’s government announced the withdrawal of its proposed 2026 State Budget, along with the draft Social Security and National Health Insurance budgets, after widespread protests against planned tax and social contribution increases on 2 December 2026. The decision has been forwarded to the National Assembly, and a new budget process will begin once the parliament...