New Vermont Law Reduces Personal Income Taxes by $5 Million for Social Security Recipients
Nearly 40,000 Vermonters receiving Social Security benefits will keep more of their income due to an income tax exemption proposed by Gov. Phil Scott and passed by the Legislature. This change, included in Act 11 of the 2018 Special Session, creates a...
IMF Executive Board Concludes 2018 Article IV Consultation with the Slovak Republic
On July 23, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the 2018 Article IV Consultation with the Slovak Republic.
Slovakia’s economic performance continues to be favorable, with real per capita GDP growing at...
State aid: Commission approves French support for tidal energy demonstration plant Raz Blanchard
Commissioner Margrethe Vestager, in charge of competition policy, said: "Tidal energy is one of the technologies that can contribute in the transition towards a climate friendly energy supply in Europe. The French project approved will help showcase...
World Bank Approves US$ 70 Million to Upgrade Water and Sanitation Services in Peru
The project will help increase access to and quality of WSS in different cities around the country, as well as the implementation of reforms of the new legal framework promoted by current sector policies.
IMF Executive Board Concludes 2018 Article IV Consultation with France
On July 25, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with France.
Near-term growth prospects remain favorable, although less buoyant than in 2017. Real GDP growth is projected to...
Brexit: No withdrawal agreement without a “backstop” for the Northern Ireland/Ireland border
The European Parliament’s Brexit Steering Group (BSG) has been briefed on the negotiations that have taken place over the last two weeks with the UK Government. The BSG also took note of the statement of the EU Chief Negotiator at the conclusion of...
Investment Plan for Europe: EIB provides EUR 50 million loan to finance biomass plant in Galicia developed by Greenalia Group
The European Investment Bank (EIB) granted a EUR 50 million loan to a subsidiary of Greenalia S.A. to finance a new biomass-fired power plant being built in the La Coruña municipalities of Curtis and Teixeiro on a 103 000 m² publicly owned site.
IRS censures tax practitioner for willfully mishandling conflicts of interest
The Internal Revenue Service announced its Office of Professional Responsibility (OPR) censured a tax practitioner for violating conflict of interest rules under Circular 230 on Jul 25, 2018.
IMF Staff Completes 2018 Article IV Mission to Philippines
“The Philippine economy is performing well. Real GDP grew 6.7 percent in 2017 and the team projects that this rate will be sustained in 2018 and 2019, underpinned by strong consumption and investment, including public investment.
IMF Executive Board Concludes 2018 Article IV Consultation with Peru
On July 9, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Peru.
Peru has been one of the top performers in Latin America since the turn of the century. Robust growth has helped...
