Finance & Economics

CIOT urges caution on new digital tax, ahead of UK Budget

Ahead of the UK Budget this month, the Chartered Institute of Taxation (CIOT) has urged caution from the Chancellor on his suggestion to go it alone with a temporary new sales tax on digital multinational companies.

The UK border: preparedness for EU exit

There are risks to UK border operations if the UK leaves the EU without an agreement on 29 March 2019. Even with a withdrawal agreement, significant challenges lie ahead to ensure the UK border is fully functioning, says the National Audit Office (NAO...

Press Release: CIOT urges caution on new digital tax, ahead of UK Budget

Ahead of the UK Budget this month, the Chartered Institute of Taxation (CIOT) has urged caution from the Chancellor on his suggestion to go it alone with a temporary new sales tax on digital multinational companies.

Canadian Taxpayers Federation delivers scissors to Morneau to help him cut spending

The Canadian Taxpayers Federation (CTF) delivered a pair of oversized scissors to Finance Canada to encourage Finance Minister Bill Morneau to start cutting spending on October 15, 2018.

Overseas investment falling, developing countries largely unscathed: UN trade agency

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The Port of Salvador on All Saints Bay, Bahia, Brazil. As one of the bigger, emerging...

IMF Calls for Policy Action to Deliver Growth that is More Resilient and Creates Sufficient Jobs

The International Monetary Fund (IMF), on October 11, welcomed the continued recovery in activity in sub-Saharan African resource-intensive countries and sustained strong growth in most other countries.

The Bali Fintech Agenda: A Blueprint for Successfully Harnessing Fintech’s Opportunities

The International Monetary Fund and the World Bank Group, on October 11, launched the Bali Fintech Agenda, a set of 12 policy elements aimed at helping member countries to harness the benefits and opportunities of rapid advances in financial...

Norway Contributes NOK 450 Million to Multi Partner Fund in Somalia

The Norwegian Government announced a commitment of NOK 450 Million ($54.3 million) to support the reconstruction, reform and development process in Somalia. Channelled through the World Bank’s Multi Partner Fund (MPF), the contribution will provide...

World Bank Supports Croatian Government in the Structural Transformation of Agriculture

The Deputy Prime Minister and Minister of Agriculture, Tomislav Tolušić and the World Bank Country Manager for Croatia and Slovenia, Elisabetta Capannelli, on October 11, signed a technical assistance agreement to support the Ministry of Agriculture...

World Bank Group, Germany, and UK Launch $145 Million Financing Facility to Support Earlier Action on Climate and Disaster Shocks

The World Bank Group, in partnership with the governments of Germany and the United Kingdom, on October 12, announced a US$145 million Global Risk Financing Facility (GRiF) to help vulnerable countries manage the financial impact of climate change and...