Review of inheritance tax welcomed
The Chartered Institute of Taxation (CIOT) has welcomed the Chancellor’s invitation to the Office of Tax Simplification (OTS) to carry out a review of inheritance tax.
World Bank Report Finds Rise in Global Wealth, but Inequality Persists
Global wealth grew significantly over the past two decades but per capita wealth declined or stagnated in more than two dozen countries in various income brackets, says a new World Bank report. Going beyond traditional measures such as GDP, the report...
Trump Meets With Workers Benefiting From Tax Reform Law
U.S. President Donald Trump held a meeting in the White House Wednesday to showcase American small businesses that say they have benefited from the tax reform bill passed by Congress late last year.
Ministry of Defence: The Equipment Plan 2017 to 2027
The Ministry of Defence’s (the Department’s) ten year Equipment Plan is not affordable and does not provide a realistic forecast of the costs the Department will have to meet over the next 10 years buying and supporting the equipment it has determined...
Tax Issues for Alaska Native American Corporations and Alaska Native Settlement Trusts
The Internal Revenue Service reminds Alaska Native Corporations and Alaska Native Settlement Trusts that they may be able to take advantage of certain benefits in the recently enacted tax reform legislation on Jan 30, 2018. The new law also requires...
World Bank Helps Bangladesh Modernize Cash Transfer Programs for Its Most Vulnerable Citizens
The World Bank on January 31, approved a $300 million financing to improve the transparency and efficiency of major cash transfer programs in Bangladesh. This will benefit about 5 million of the country’s poorest and most vulnerable people.
Statement by the International Monetary Fund, Arab Fund for Economic and Social Development, and Arab Monetary Fund at the Conclusion of the Conference on Promoting Growth, Jobs, and Inclusiveness in the Arab World
The International Monetary Fund (IMF), the Arab Fund for Economic and Social Development (AFESD), and the Arab Monetary Fund (AMF), on January 30, made the following statement in Marrakesh at the end of the conference on “Opportunity for All:...
Ministry of Finance and the World Bank Sign Project to Improve Management of Public Finances
HE Eklil Hakimi, Minister of Finance and Shubham Chaudhuri, World Bank Country Director for Afghanistan in presence of HE Mohammad Ashraf Ghani, President of Afghanistan and High Economic Council members signed an agreement under which a $100 million...
Rule of law in Poland: Civil Liberties MEPs urge EU member states to act swiftly
EU governments should swiftly determine whether Poland risks seriously breaching EU values and if so, propose remedies, urged Civil Liberties MEPs on Monday.
IMF Executive Board Concludes 2017 Article IV Consultation with Malta
On January 26, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV consultation with Malta, and considered and endorsed the staff appraisal without a meeting on a lapse-of-time basis.
