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The International Monetary Fund has welcomed both the increased tax revenues now being collected in Kenya, and the Government's commitment to reducing the country's fiscal deficit in the medium-term. Read Full Story
In its work report for 2017, the South Korean Ministry of Strategy and Finance has indicated that it will focus on boosting South Korea's currently-weak economic growth, in part through fiscal reforms. Read Full Story
Uruguay's decision to hike income tax on middle- to high-income earners will support plans to reduce the fiscal deficit to 2.5 percent of gross domestic product (GDP) by 2019, says the International Monetary Fund. Read Full Story
James Pearson, the CEO of the Australian Chamber of Commerce and Industry, has said that the country "needs broad-based tax reform rather than a piecemeal approach in order to stimulate economic growth." Read Full Story
Both Moody's Investors Service and Fitch Ratings have kept their investment grade ratings for South Africa, following the additional fiscal consolidation contained in the Government's recent 2016 Medium Term Budget Policy Statement. Read Full Story
The tax-to-GDP ratio in the European Union remained stable in 2015, while the ratio in the Eurozone was down slightly on the previous year. Read Full Story
The UK's exit from the European Union will have a "severe" impact on the Irish economy, according to modeling published by the Irish Finance Department. Read Full Story
An International Monetary Fund staff mission concluded that Seychelles will require further measures to achieve its medium-term debt reduction target. Read Full Story
On October 26, during his parliamentary speech on the 2016 Medium Term Budget Policy Statement, South Africa's Minister of Finance, Pravin Gordhan, said the Government proposes to raise an additional ZAR43bn through tax measures over the next two fiscal years. Read Full Story
Cross-border purchases by New Zealand residents of certain electronically supplied services became subject to goods and services tax on October 1, 2016. Read Full Story
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