May 10, 2010
The financially struggling nation of Greece has been approved for a EUR 30 billion fast track loan by the International Monetary Fund (IMF), to stabilize the country’s economy and provide a needed sense of financial security. The new loan is intended to save Greece from being forced to seek funding from international markets within the [...]
The financially struggling nation of Greece has been approved for a EUR 30 billion fast track loan by the International Monetary Fund (IMF), to stabilize the country’s economy and provide a needed sense of financial security. The new loan is intended to save Greece from being forced to seek funding from international markets within the next three years.
On May 9th the IMF announced its new recovery-loan package for Greece, in which it will provide Greece with a total of EUR 30 billion ... Read More
May 5, 2010
A new study has shown that Governments worldwide are increasingly reliant on revenues collected from indirect taxes. The trend is set to continue, with indications that authorities will soon begin to concentrate even more on Indirect Taxes for their simpler administration and stability. International accounting KPMG recently published a white paper Driving Indirect Tax Performance [...]
A new study has shown that Governments worldwide are increasingly reliant on revenues collected from indirect taxes. The trend is set to continue, with indications that authorities will soon begin to concentrate even more on Indirect Taxes for their simpler administration and stability.
International accounting KPMG recently published a white paper Driving Indirect Tax Performance Managing the Global Reform Challenge, analyzing trends in the international implementation of indirect taxes, like Goods and Service Tax (GST) and Value Added Tax (VAT). According to the ... Read More
Apr 22, 2010
The International Monetary Fund (IMF) has released its regular World Economic Outlook (WEO) report, assessing developments for major economies and projections at a global level. On April 21st the EMF released its latest WEO at a press briefing held by William Murray, IMF Chief of Media Relations. The report revealed that the IMF’s global economic [...]
The International Monetary Fund (IMF) has released its regular World Economic Outlook (WEO) report, assessing developments for major economies and projections at a global level.
On April 21st the EMF released its latest WEO at a press briefing held by William Murray, IMF Chief of Media Relations. The report revealed that the IMF’s global economic growth forecast has been raised to 4.2 percent. The new figure reflects a 0.3 percent projection increase when compared to the IMF’s estimates released in January 2010. No ... Read More
Apr 19, 2010
The highly debated issue of a new international tax imposed on banks has suffered a delay, after European Union (EU) Finance Ministers failed to reach a decision on how such a measure should be imposed, at a recent round of discussions. In a meeting of EU Finance Ministers held on April 17th in Madrid, discussions [...]
The highly debated issue of a new international tax imposed on banks has suffered a delay, after European Union (EU) Finance Ministers failed to reach a decision on how such a measure should be imposed, at a recent round of discussions.
In a meeting of EU Finance Ministers held on April 17th in Madrid, discussions were hosted on the possible implementation of an international bank tax. Upon closing of the meetings it was revealed that no conclusion was reached regarding bank taxes, ... Read More
