Tax and fiscal policy should continue to support households and businesses through containment, then shift to bolstering recovery
Tax and fiscal policy responses are playing a critical role in limiting the hardship caused by containment measures, and should continue to do so as governments seek to support households and businesses, protect employment and pursue economic recovery from the global pandemic, according to new OECD analysis. ‘Tax and Fiscal Policy in Response to the Coronavirus Crisis; Strengthening Confidence and Resilience’, a report requested of the OECD by the Saudi ...
IMF Working Paper: “A Possible Approach to Fiscal Rules in Small Islands” released
On 6 September 2019, the IMF Working Paper: “A Possible Approach to Fiscal Rules in Small Islands”, prepared by Ryota Nakatani, was released on the website of the IMF (International Monetary Fund). Summary From the summary on the website of the IMF guiding the release: “A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate ...
IMF Country Report on Curaçao and Sint Maarten: 2018 Article IV Consultation
On 25 January 2019 the International Monetary Fund (IMF) published its Country Report “Kingdom of the Netherlands—Curaçao and Sint Maarten: 2018 Article IV Consultation Discussions”. Hereunder we will take up the integral texts (however without footnotes!) of the Press Release, the Executive Board Assessment and the Staff Report for the 2018 Article IV Consultation Discussions in the report. Furthermore, for both Curaçao and Sint Maarten we have filtered phrases from ...
Tax reforms accelerating with push to lower corporate tax rates
Countries have used recent tax reforms to lower taxes on businesses and individuals, with a view to boosting investment, consumption and labour market participation, continuing a trend that started a couple of years ago, according to a new report from the OECD. This has been expressed by the OECD in a press release on its website covering the release on 5 September 2018 of the report "Tax Policy Reforms 2018; ...
Latin America and the Caribbean: Tax revenues expected to recover after dip in 2016
Tax revenues in Latin America and the Caribbean (LAC) dipped in 2016, falling further behind average OECD country levels, but a recovery is likely in subsequent years, according to Revenue Statistics in Latin America and the Caribbean 1990-2016 / Estadísticas tributarias en América Latina y el Caribe 1990-2016. The average tax-to-GDP ratio stood at 22.7% in 2016, a fall of 0.3 percentage points since 2015, the report says. This was announced ...
IMF Fiscal Monitor: Achieving More with Less, April 2017
The International Monetary Fund (IMF) has issued its Fiscal Monitor, April 2017. According to a summary published on the website of the IMF, this issue of the Fiscal Monitor shows how the evolution of the debate on fiscal policy can shed new light on fiscal developments and help frame policy recommendations to countries. For more information on this issue of the Fiscal Monitor click here to go to the relevant page ...