Finance & Economics | WPN World People News

The Low Incomes Tax Reform Group (LITRG) is giving some tax tips for young people who are looking for a summer holiday job, now that university lectures have finished and school’s (nearly) out.

The Low Incomes Tax Reform Group (LITRG) has expressed disappointment at the Government’s response to the recommendations made by the Work and Pensions Committee’s ‘Universal Credit: supporting self-employment’ report.

Changes to Vermont’s tax code will now benefit all Vermont taxpayers making charitable contributions in 2018.

As many as 4.3 million individual and communal, public and private, land users will benefit from a new US$200 million program to support the Government of Indonesia’s robust agrarian reform. The World Bank’s Board of Executive Directors, has approved the Program to Accelerate Agrarian Reform, also known as One Map Program, which will help land users obtain clarity and security of tenure and access to land and natural resources.

On July 16, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation on euro area policies with member countries. This year, the consultation also included a discussion of the findings of the Financial Sector Assessment Program (FSAP) exercise for the euro area.

The European Commission is referring Germany to the Court of Justice of the EU to ensure a correct implementation of the Electricity Directive (Directive 2009/72/EC) and of the Gas Directive (Directive 2009/73/EC). Both directives are part of the Third Energy Package and contain key provisions for the proper functioning of energy markets.

The World Bank Group on July 19, announced the two-year debarment of Shanghai-based China Nuclear Industry Fifth Construction Co., Ltd. (CNF), an infrastructure construction company that provides power and electrical engineering services, and the four-year debarment of China Machinery Industry Construction Group, Inc. (China Machinery), a construction company, in connection with fraudulent practices as part of the Shandong Energy Efficiency Project in China.

U.S. President Donald Trump's top economic adviser accused Chinese President Xi Jinping Thursday of stalling efforts to resolve a growing trade dispute with the U.S.

On July 18, the World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced its first global benchmark issue in fiscal 2019, returning to the market with a US$5 billion three-year bond for sustainable development that received overwhelming support from investors. This is the World Bank’s first global U.S. dollar benchmark since November 2017.

The Howard Jarvis Taxpayers Association filed suit the day before against the County of Los Angeles for “gross misconduct” when it “illegally spent” close to $1 million in taxpayer funds on political advertising. The lawsuit seeks reimbursement to the County Treasury and civil penalties.