Finance & Economics | WPN World People News

UK Low Incomes Tax Reform Group is highlighting that there is a lot of well-meaning but incorrect information about Statutory Sick Pay on the internet and it is important that people use trusted sources to confirm their position.

To help people facing the challenges of COVID-19 issues, U.S. Internal Revenue Service announced on March 25,2020 a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.

The European Commission on 25 March 2020 issued guidelines to ensure a strong EU-wide approach to foreign investment screening in a time of public health crisis and related economic vulnerability. The aim is to preserve EU companies and critical assets, notably in areas such as health, medical research, biotechnology and infrastructures that are essential for our security and public order, without undermining the EU's general openness to foreign investment.

The European Commission has approved three French State aid schemes to support the French economy in the context of the Coronavirus outbreak. The schemes were approved under the State aid Temporary Framework to support the economy in the context of the COVID-19 outbreak adopted by the Commission on 19 March 2020. The Commission approved the French schemes within 48 hours from the entry into force of the Temporary Framework.

The rapid spread of the virus is putting a heavy strain on both public health and the economy. On March 16,2020 the European Investment Bank Group (EIBG) has proposed measures to be taken in cooperation with the European Commission and national partners in support of European companies, health expenditure, and the EU economy as a whole.

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are 15 March 2020 announcing a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements.

On January 31, 2020 the Executive Board of the International Monetary Fund (IMF) concluded the 2019 discussion on the common policies of the Eastern Caribbean Currency Union (ECCU) in the context of the Article IV consultations with member countries.