Economists optimistic about economic recovery in Italy
MILAN: An uptick in car sales, stable home prices and consumer confidence, and second thoughts on growth prospects at the Bank of Italy are the latest indicators that Italy’s long recession might finally be drawing to a close. In each of the last two years, brief hopes of an economic recovery were dashed by negative […]
Jersey – Hungary: Tax Information Exchange Agreement Enters Into Force
The Tax Information Exchange Agreement between Jersey and Hungary entered into force today, 13 February 2015. The Agreement generally applies from 13 February 2015. For more details reach us at [email protected]
IMF Supports Introduction Of VAT In Egypt
The International Monetary Fund (IMF) has expressed support for Egypt’s efforts to broaden the tax base, encouraging the swift implementation of a modern value-added tax (VAT). The Egyptian Government plans to replace the current sales tax with a fully fledged VAT in the spring. A draft law following international standards has been prepared, and the […]
OECD Recommends Australian Company Tax, GST Reform
The Organisation for Economic Cooperation and Development (OECD) has recommended that Australia reduce its company tax rate and broaden the tax base. The suggestion is made in the OECD’s new report, Economic Policy Reforms 2015: Going for Growth. The report argues that improving the efficiency of the tax system should be a key priority for the […]