The OECD should no longer be responsible for undertaking reviews of the global tax system, a UK parliamentary group examining changes to the international taxation has been told.
The International Monetary Fund has praised the Bahamas for the successful implementation of a new value added tax (VAT), which has brought more than $500m for the government in the last fiscal year.
The Japanese government should introduce reforms to boost wages growth as part of economic plans to help the country escape from deflation, write Luc Everaert and Giovanni Ganelli of the IMF.
The United Nations, World Bank and Islamic Development Bank are joining forces to raise additional finance and rally support for countries in the Middle East and North Africa (MENA).
Poland’s economy has made “remarkable progress” over the last 20 years and living standards are now converging with those in other high-income countries, however, the OECD said wide-ranging tax reform is needed going forward.
Almost half of the world’s population will suffer severe water shortages if current levels of consumption and pollution continue, the United Nations Environment Programme has warned.
