Finance & Economics | WPN World People News

Isabel dos Santos, the former head of Angola's state-owned Sonangol oil company, is denying her successor's allegations that she engaged in questionable business dealings related to the firm.

Ghana’s macroeconomic performance improved in 2017 after a difficult 2016. The country’s economy expanded for the fifth successive quarter in September 2017, at a rate almost double that of 2016, according to a World Bank report released on March 5th.

An International Monetary Fund (IMF) team led by Giovanni Ganelli visited Samoa from February 21-March 5 to hold discussions with authorities on the 2018 Article IV Consultation.

The World Bank and Vietnam’s Ministry of Industry and Trade jointly launched a $102 million project to support the efforts of industrial enterprises to adopt energy-efficiency technologies and practices, on March 5th.

At the Environment Council, ministers exchanged views on the package presented by the Commission on 16 January 2018, which aims at delivering on the circular economy action plan.

On February 16, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV Consultation with Solomon Islands.

Following continuing threats to taxpayers, the Internal Revenue Service listed email “phishing” schemes as a top filing season concern and part of the annual listing of the “Dirty Dozen” tax scams for 2018 on Mar 05, 2018.

An International Monetary Fund (IMF) team led by Giovanni Ganelli visited Samoa from February 21-March 5 to hold discussions with authorities on the 2018 Article IV Consultation.

The World Bank on March 1, approved a $375 million International Development Association (IDA) credit to support Ethiopia’s goal of achieving universal electricity access by 2025.

The LITRG raises concerns about how tax registration checks would fall short of eliminating hidden economy activity as, for example, the proposals will not affect those who operate illegally without a licence or ensure that those who are registered are actually compliant. Furthermore, there is no proposal on how HMRC (or, indeed, the licensing authorities) assess which tax registrations are relevant depending on the business structure. LITRG also argue that the tax conditionality process should be as streamlined as possible for it to be effective and that while we support the principle of tax conditionality, we have made clear that for this to be successful the Government needs to ensure that it also focuses on improving levels of tax morality in society through education.