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Stories that are tagged 'gross domestic product (GDP)'

Hong Kong's New CE To Pursue Competitive Tax Regime

by Mary Swire,, Hong Kong

Tuesday, March 28, 2017

On March 26, Carrie Lam was elected Hong Kong's new chief executive, with a promise that she would pursue a "new tax policy direction" in the territory. Read Full Story


New Tax Breaks To Boost South Korean Economy

by Mary Swire,, Hong Kong

Tuesday, February 7, 2017

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


Kenya Progressing Fiscal Consolidation Efforts

by Lorys Charalambous,, Cyprus

Tuesday, February 7, 2017

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


Uruguay Increasing Taxes To Tackle Deficit, Says IMF

by Mike Godfrey,, Washington

Thursday, February 2, 2017

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


Australia Needs Tax Reform, Businesses Say

by Mary Swire,, Hong Kong

Monday, December 19, 2016

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


South Africa's Tax Plans Secure It Stable Credit Rating

by Lorys Charalambous,, Cyprus

Friday, December 2, 2016

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


EU Publishes Tax-GDP Ratios For Member States

by Jason Gorringe,, London

Monday, November 28, 2016

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


Irish Economy To Receive Brexit Blow

by Jason Gorringe,, London

Tuesday, November 8, 2016

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


Seychelles Needs To Maintain Fiscal Discipline: IMF

by Lorys Charalambous,, Cyprus

Thursday, November 3, 2016

An International Monetary Fund staff mission concluded that Seychelles will require further measures to achieve its medium-term debt reduction target. Read Full Story


South Africa To Seek Additional Tax Revenue

by Lorys Charalambous,, Cyprus

Thursday, October 27, 2016

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




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