Platform for Collaboration on Tax Publishes Progress Report for 2020
On 10 July 2020 the Platform for Collaboration on Tax (PCT) published on its website the Progress Report 2020 outlining the tax cooperation between leading international organisations on supporting domestic resource mobilisation and combating the
See MorePlatform for Collaboration on Tax: Draft Toolkit on Tax Treaty Negotiations
The Platform for Collaboration on Tax (PCT) has issued a draft toolkit on tax treaty negotiations. The period for feedback from interested parties is 29 June 2020 to 10 September 2020. The PCT was set up by the OECD, IMF, World Bank and UN to
See MorePlatform for Collaboration on Tax Launches Website
A new website has been launched by the Platform for Collaboration on Tax (PCT). The PCT is a joint initiative of the International Monetary Fund (IMF), the Organisation for Economic Co-operation and Development (OECD), the United Nations (UN), and
See MoreIMF: Fiscal Monitor discusses policies to support individuals and businesses
The April 2020 issue of the IMF’s Fiscal Monitor discusses policies to support individuals and businesses through the coronavirus crisis and the resulting economic problems. The Fiscal Monitor looks at certain temporary and targeted fiscal
See MoreIMF Blog Outlines Fiscal Policy Responses to the Health Crisis
An IMF blog published on 5 March 2020 is concerned with fiscal policy responses to the outbreak of coronavirus. The blog emphasises that the priority for governments is health spending for prevention and cure, and to ensure that health services
See MoreIMF Report Discusses Australia’s Economic Situation
On 4 March 2020 the IMF published a report following the conclusion of discussions with Australia under Article IV of the IMF’s articles of agreement. Economic growth recovered gradually in 2019 with a contribution from net exports. Growth is
See MoreIMF comments on Austria’s tax system
On 3 March 2020 the IMF issued a report following consultations with Austria under Article IV of the IMF’s articles of agreement. The report notes that Austria’s economy has been performing well recently but the growth rate decreased in
See MoreIMF Recommends Further Tax Reform in Tanzania
The IMF issued a report on 5 March 2020 following consultations under Article IV of the IMF’s articles of agreement. The report notes that Tanzania currently has economic growth of around 6%, with adequate reserves and manageable pubic debt
See MoreIMF report comments on Germany’s tax policy
On 10 July 2019, the IMF issued a report following the conclusion of the Article IV consultation with Germany. Germany’s real GDP growth has averaged over 2% for some years but slowed to 1.5% in 2018 owing to reduced global demand and
See MoreIMF: Corporate taxation in the global economy
On 10 March 2019 the IMF reported that the Executive Board have been discussing a policy paper on Corporate Taxation in The Global Economy , looking at the way forward in the international tax system. Problems arise from the allocation of risk
See MoreUK: Support for Tax Capacity Building
On 19 February 2019 the UK’s Department for International Development (DFID) announced new assistance to give support to developing countries in generating greater tax revenue, tackling tax avoidance and creating a level playing field for
See MoreIMF discussion note looks at tax rises necessary to achieve SDGs
An IMF staff discussion note issued on 25 January 2019 entitled “Fiscal Policy and Development: Human, Social, and Physical Investments for the SDGs” examines the tax rises needed in emerging economies and less developed countries to make the
See MoreIMF report looks at the economic outlook in Panama
On 28 December 2018 the IMF published a report on its website following the conclusion of consultations with Panama under Article IV of the IMF’s articles of association. Economic growth in Panama is estimated at 3.7% for the first half of 2018,
See MoreG20 leaders set out objectives for international tax policy
G20 leaders set out objectives for international tax policy The final communique of the G20 leaders’ summit on 30 November and 1 December 2018 focused on the future of work; infrastructure for development; a sustainable food future; and a
See MoreIMF report comments on Spain’s fiscal position
On 19 November 2018, the International Monetary Fund (IMF) issued a report following consultations with Spain under Article IV of the IMF articles of agreement. In Spain the real GDP growth is expected to decrease to 2.5% percent in 2018 and to
See MoreIMF working paper examines effects of tax treaties with investment hubs
An IMF working paper was released on 24 October 2018 entitled The Cost and Benefits of Tax Treaties with Investment Hubs: Findings from Sub-Saharan Africa. (Working Paper 18/227). Double tax treaties can affect returns to foreign investment through
See MoreIMF: Communiqué of IMFC meeting comments on trade and tax
On 12 October 2018 a communiqué was released following a meeting of the IMF’s International Monetary and Financial Committee (IMFC) in Indonesia. The communiqué notes that global expansion remains strong and is projected to be steady in the
See MoreIMF report considers the fiscal position of Japan
On 4 October 2018 the IMF released a report following the conclusion of talks with Japan under Article IV of the IMF’s articles of agreement. The IMF notes that Japan’s economy is growing above its potential but there are more downside risks
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