Tag: tax reform

Friday, July 2nd 2021 - 08:32 UTC
International tax rules reform: 130 countries support minimum 15% rate on large multinationals’ profits

Following two days of discussions hosted by Paris based Organization for Economic Cooperation and Development, OECD, 130 countries, representing more than 90% of global GDP, joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate. But Ireland and eight other countries decline to accept the agreement.
Tuesday, May 4th 2021 - 08:43 UTC
Colombian President Duque appoints new finance minister but unrest is far from under control

Colombia's Finance Minister Alberto Carrasquilla turned in his resignation Monday President Iván Duque withdrew the controversial tax reform which triggered massive demonstrations nationwide, which have so far left 19 people dead.
Friday, April 9th 2021 - 10:56 UTC
Argentine Senate passes Income Tax reform with all votes but one

Argentina's Upper House Thursday passed by 66 votes in favour and one abstention the tax reforms proposed by the government of President Alberto Fernández, which would rid workers with a monthly gross income of 150,000 pesos (around 1,100 US dollars at the unofficial exchange rate) of paying the income tax.
Monday, December 14th 2020 - 09:39 UTC
Tax reform in Brazil stalled in the midst of political dispute and “fiscal abyss”

Brazil is heading into a “fiscal abyss” and a serious crisis next year, following the decision to postpone parliamentary debate on a bill extending emergency aid spending, lower house speaker Rodrigo Maia said on Friday
Tuesday, August 18th 2020 - 08:45 UTC
Brazilian congressional leader confident the tax reform will be approved this year

Brazil's lower house speaker Rodrigo Maia said on Monday he is convinced Congress will approve tax reform and that it should be done this year to avoid the debate from being influenced by the 2022 presidential election.
Friday, December 6th 2019 - 08:52 UTC
Brazilian government optimistic about reforms and the economy's performance forecast

The Brazilian government’s commitment to getting public finances in order and maintaining strict fiscal discipline will lead to the country’s sovereign credit rating being upgraded, Treasury Secretary Mansueto Almeida said on Thursday.
Thursday, November 28th 2019 - 09:54 UTC
Colombian president caught between demands from businesses and people protesting in streets

Widespread street protests in Colombia are likely to force embattled President Ivan Duque to make major changes to his tax reform proposal if he wants to pass the bill before a year-end deadline.
Tuesday, January 23rd 2018 - 09:23 UTC
Trump's tax reform prompts brighter outlook for global economy, says IMF

Prospects for the global economy are looking brighter, according to the International Monetary Fund (IMF), arguing that the recent pick-up has been pretty broad-based, particularly in Europe and Asia. Tax reforms in the United States are expected to stimulate economic activity, especially business investment.
Thursday, April 27th 2017 - 09:21 UTC
Trump announces plan to lower taxes; Wall Street cautious, Democrats call it a handout to the wealthy

President Donald Trump administration on Wednesday presented a sweeping plan to lower tax rates for individuals and businesses, saying it would create the biggest tax cut in United States history. However US markets slid at the close after the Trump administration outlined the tax cut plan and Democrats described it as a handout to the wealthy that would expand the deficit.
Wednesday, October 17th 2012 - 05:26 UTC
The “State is back” in Latinamerica to lessen inequalities, says top UN official

The ‘State is back’ in Latinamerica and will help establish social policies, diminish inequality and increase inclusion said the regional director of the UN Development Program, Herlado Muñoz during a seminar in Mexico City on “Youth participation and democratic governance in Latin America and the Caribbean”.