gross domestic product (GDP) News

France May Cut Tax In Response To Protests
by Ulrika Lomas, Tax-News.com, Brussels
Monday, April 15, 2019
French Prime Minister Edouard Philippe has said that France should prioritize tax cuts following the conclusion of a three-month national consultation on the Government's economic and tax policies. Read Full Story

OECD Urges On French Tax Reform
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, September 14, 2017
The OECD's latest Economic Survey of France has identified tax reform as a priority for the French Government as it attempts to boost the nation's economic growth prospects. Read Full Story

South Africa's Tax Reforms Fail To Increase Revenues
by Robert Lee, Tax-News.com, London
Wednesday, July 12, 2017
Tax measures announced in the South African Government's 2016 Budget failed to boost tax revenues, the International Monetary Fund has said. Read Full Story

ESRI: Hard Brexit Could Leave Less Room For Irish Tax Cuts
by Jason Gorringe, Tax-news.com, London
Monday, June 26, 2017
The Economic and Social Research Institute has warned that a hard Brexit could have significant implications for the fiscal space the Irish Government has available for tax cuts and spending increases. Read Full Story

Hong Kong's New CE To Pursue Competitive Tax Regime
by Mary Swire, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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
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