Improving Tax Collection in the Dominican Republic is Key for More Active Social Policies, World Bank Says
A new report presented by the World Bank proposes alternatives to improve the efficiency of the Dominican Republic’s tax system to support the Government in its efforts to increase public revenue, promote inclusive growth and competitive business...
IRS, States and Tax Industry Warn Employers to Beware of Form W-2 Scam; Tax Season Could Bring New Surge in Phishing Scheme
The Internal Revenue Service, state tax agencies and the tax industry on Jan 17 urged all employers to educate their payroll personnel about a Form W-2 phishing scam that made victims of hundreds of organizations and thousands of employees last year...
Breathing space: call for evidence
LITRG has recently responded to the call for evidence from HM Treasury in connection with their 2017 manifesto commitment to implement a ‘breathing space’ scheme for those in problem debt. We highlighted the many problems that taxpayers experience...
Delivering STEM (science, technology, engineering and mathematics) skills for the economy
Government efforts to improve the quality and take-up of science, technology, engineering and mathematics (STEM) skills have yielded some positive results. There remains, however, an urgent need for departments to set out a shared view of what they...
Taxpayers urged to budget for extra tax payment
While the 31 January 2018 deadline for submitting your 2016/17 tax return and paying your tax bill is well known, the experience of the Low Incomes Tax Reform Group (LITRG) is that many newcomers to Self-Assessment fail to realise they may have to pay...
Carillion collapse: government ignored its own policy and now taxpayers will suffer
Commenting on the news on Jan 15 that Carillion has gone into liquidation, John O'Connell, Chief Executive at the TaxPayers' Alliance, said: Despite the extremely well publicised financial difficulties Carillion has been experiencing in recent months...
IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter into Payment Agreements; People Owing $51,000 or More Covered
The Internal Revenue Service strongly encouraged taxpayers who are seriously behind on their taxes to pay what they owe or enter into a payment agreement with the IRS to avoid putting their passports in jeopardy on Jan 16, 2018.
Crisis management by the European Central Bank: a substantial framework but flaws remain, say EU Auditors
The ECB assumed extensive responsibilities for banking supervision in 2014. There are now around 120 banks in the euro area under its remit. Recent legislation provides for increasingly intensive supervisory attention from the ECB when a “systemically...
Republic of Croatia: IMF Executive Board Concludes 2017 Article IV Consultation
On January 10, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Croatia.
World Bank Vice President Visits Kyrgyz Republic, Highlights the Need for New Growth Model
World Bank Vice President for Europe and Central Asia Cyril Muller met with Kyrgyz Republic President Sooronbai Jeenbekov, Prime Minister Sapar Isakov and Minister of Finance Adylbek Kasymaliev to discuss the Kyrgyz Republic’s development priorities...
