Finance & Economics | WPN World People News

The World Bank on February 1st announced the debarment of three companies – Gavinor, S.R.L., J.C. Segura Construcciones S.A., and a joint-venture, Constructura J.C. Segura Construcciones S. A.-Gavinor S.R.L.-UTE – for 18 months in connection with the companies’ fraudulent practice of knowingly misrepresenting work progress during a contract under the Second Provincial Agricultural Development Project in Argentina.

The Home Office supports the safeguarding of children and vulnerable adults by providing a way for employers to check, through the work of the Disclosure Barring Service (DBS), people’s background against police databases such as criminal records and government lists of people considered unsuitable to work with children or vulnerable adults. This service is widely used by organisations in the public, private and voluntary sector, such as schools and care homes, to check prospective employees and volunteers.

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.

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 uses wealth to monitor countries’ economic progress and sustainability.

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.

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 the Armed Forces need, according to the report from the National Audit Office on Jan 31.

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 that certain contributions made by Native Corporations to Settlement Trusts in 2017 be reported to the Settlement Trusts by January 31, 2018.

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.