ITIC continues to monitor comparative annual studies that analyze progress in economic reform, as a means of attracting foreign investment. Some findings of the ‘bell-wether’ World Bank report, entitled, Doing Business (2018): Measuring Business Regulations (published on 31 October), are set out below for select economies in which ITIC operates. Continue reading “Tax & Investment: Some International Comparisons”
During the opening session of Kazakhstan’s Parliament on 4 September 2017, Kazakh President Nursultan Nazarbayev devoted a large part of his presentation to the challenges facing Kazakhstan’s economy, achieving investment-led growth, and the role of fiscal policy in consolidating recent improvements in GDP growth. He also referenced the new draft Tax Code, which seeks to eliminate ineffective incentives and preferences while diminishing the shadow economy and simplifying tax administration. Continue reading “Kazakhstan Tax and Investment: Fall 2017”
Representatives from ministries of finance, tax administrations, academic institutions, and the private sector gathered in Paris on 26-28 June 2017 for ITIC’s 13th annual Eurasia Tax Forum. The themes for this year’s Forum were recommended by regional officials and investors, and they included the following:
- Tax Reform: Principles in Practice
- Continuity and Change in International Tax
- Taxation of the Digital Economy
- The State of Play in Energy Investment
- Natural Resources Taxation in Eurasia
- Tax Issues in the Services Sector
ITIC was pleased to join 150 high-level representatives (from IOTA member states, international organizations, businesses, and academic) at the 21st annual General Assembly of the Intra-European Organisation of Tax Administrations in Kiev, Ukraine on 28-30 June 2017.
New procedures for the handling of audit and disputes arising came into effect 1 July 2017. Certain categories of taxpayer can now obtain a “preliminary” tax audit ahead of the finalized audit act and have the right to object in writing to the findings of such “preliminary” audit. Continue reading “Kazakhstan’s Tax’s System: Reform of Dispute Procedures”
In a recent article for the Intra-European Organisation of Tax Administrations (IOTA), Azeri Minister of Taxes Fazil Mammadov analyzed the new challenges faced by Azerbaijan’s Tax Service due to sluggish global growth and its negative impact on resource economies. He depicted Azerbaijan’s response in terms of developing a sustainable national economy.
Source: 2017 Index of Economic Freedom, Interactive Heat Map (The Heritage Foundation)
On 15 February, the Heritage Foundation published its annual report entitled, 2017 Index of Economic Freedom, comparing the performance of 186 economies. One key factor influencing the conclusions and rankings is the Tax Burden parameter of the Government Size performance measurement criterion. Continue reading “2017 Index of Economic Freedom”