New Figures Confirm Australia’s Continued Growth

Categories: Taxation in Australia

The new National Account report, released by the Australian Government on March 3rd, shows that the country has continued its economic growth throughout the whole of the 2009 year, despite the contractions faced by advanced economies worldwide.
According to the December quarter figures, Australia’s GDP grew by 0.9 percent, bringing the yearly growth total to 2.7 [...]

The new National Account report, released by the Australian Government on March 3rd, shows that the country has continued its economic growth throughout the whole of the 2009 year, despite the contractions faced by advanced economies worldwide. According to the December quarter figures, Australia’s GDP grew by 0.9 percent, bringing the yearly growth total to 2.7 percent. Comparatively, the Australian Treasury estimates claim that the world’s advanced economies as a group contracted by approximately 3.2 percent. In a statement accompanying the release ... Read More

EFTA State Aid Report Released

Categories: International Tax Cooperation, Taxation in EU, Taxation in Iceland, Taxation in Liechtenstein, Taxation in Switzerland

On December 18th, 2009, the European Free Trade Association (EFTA) released the fourth report covering state aid granted in Iceland, Lichtenstein and Norway, for the period between 2004 to the end of the 2008 year. The paper was prepared in co-operation with European Commission and includes comparisons with countries of the EU.
A total of €2,234.88 [...]

On December 18th, 2009, the European Free Trade Association (EFTA) released the fourth report covering state aid granted in Iceland, Lichtenstein and Norway, for the period between 2004 to the end of the 2008 year. The paper was prepared in co-operation with European Commission and includes comparisons with countries of the EU. A total of €2,234.88 million was granted in state aid across the three surveyed countries in 2008, indicating an overall increase in grants across the countries. 98.9 percent of this amount ... Read More

Australian 3rd Quarter GDP Rose 0.2%

Categories: Taxation in Australia

Nations across the globe are facing a period of contracting GDP figures, though Australia has reported another quarter of continued growth. The latest Australian National Account release shows that the country’s GDP figure rose by 0.2 percent during the previous quarter.
On December 16th, the Australian Bureau of Statistics (ABS) released the country’s National Account report [...]

Nations across the globe are facing a period of contracting GDP figures, though Australia has reported another quarter of continued growth. The latest Australian National Account release shows that the country's GDP figure rose by 0.2 percent during the previous quarter. On December 16th, the Australian Bureau of Statistics (ABS) released the country's National Account report for the September Quarter. The report figures show that the seasonally adjusted GDP figure rose by 0.2 percent compared to the June quarter, and 0.5 percent compared ... Read More

Vanuatu Projects 4.6 Percent GDP Growth

Categories: Tax Havens, Taxation in Vanuatu

Based on an improvement in the financial sector of the world economy and increasing international fiscal pressure, the Government of the Republic of Vanuatu is forecasting GDP growth of 4.6 percent for 2010.
On December 8th , Sela Molisa, Finance Minister of Vanuatu, in his speech presenting 2010 national budget, announced that his country will [...]

Based on an improvement in the financial sector of the world economy and increasing international fiscal pressure, the Government of the Republic of Vanuatu is forecasting GDP growth of 4.6 percent for 2010. On December 8th , Sela Molisa, Finance Minister of Vanuatu, in his speech presenting 2010 national budget, announced that his country will see continued economic growth in 2010. According to the latest statistics, GDP growth in Vanuatu in 2009 had slowed to 3.8 percent, compared to 6.3 percent of ... Read More