Finance & Economics

G20 GDP growth remains stable at 1.0% in fourth quarter of 2017


Funding Europe's future: EU’s post-2020 budget must match policy goals

MEPs have set out their position on the next long-term EU budget, which should finance new priorities as well as make up for any shortfall caused by Brexit.

IMF Executive Board Approves New US$157.6 Million ECF Arrangement for Burkina Faso

On March 14, 2018, the Executive Board of the International Monetary Fund (IMF) approved a new three-year arrangement under the Extended Credit Facility (ECF) for Burkina Faso for SDR 108.36 million (about US$157.6 million or 90 percent of Burkina...

We cannot expect more from Europe without giving more to it, says Portuguese PM

“We cannot expect more from Europe without giving more to Europe”, he said, backing Parliament’s position on the multi-annual financial framework (MFF). “Portugal is ready to increase its contribution” to the budget, he told MEPs.

India’s Growth Story Since the 1990s Remarkably Stable and Resilient

The Indian economy is set to revert to its trend growth rate of 7.5 percent in the coming years as it bottoms out from the impact of the Goods and Services Tax (GST) and demonetization, a new World Bank report says.

US tariffs: “Avoid trade wars and tackle global overcapacity in steel instead” urge MEPs

Political groups condemned US plans to impose new tariffs on steel and aluminium imports, on “national security” grounds, as unjustified. The debate showed wide support among MEPs for seeking a peaceful solution with the US and together tackling the...

IRS to end offshore voluntary disclosure program; Taxpayers with undisclosed foreign assets urged to come forward now

The Internal Revenue Service announced on Mar 13 it will begin to ramp down the 2014 Offshore Voluntary Disclosure Program (OVDP) and close the program on Sept. 28, 2018. By alerting taxpayers now, the IRS intends that any U.S. taxpayers with...

Tax Time Guide: Guard personal, financial, tax information thoroughly

The Internal Revenue Service urged taxpayers to remain vigilant in protecting their personal and tax information on Mar 13. Scams and schemes using the IRS as a lure can take on many variations, so practicing personal information security is vital.

Free pass for foreign oil costs taxpayers billions

The Canadian Taxpayers Federation (CTF) released documents obtained from the federal government through Access to Information that show foreign oil is getting a free emissions pass from the federal government – one that is costing taxpayers billions...

A role for online platforms in enforcing tax compliance?

Campaigners for taxpayers on low incomes have given a cautious welcome to a call for evidence launched on ways in which online platforms could act as intermediaries between their users and HMRC by enabling users to understand and comply with their tax...