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New Colombian fiscal reform will pass but is flawed

Location:

COLOMBIA

The plan avoids new taxes on individuals, instead increasing the fiscal burden on firms. The proposed measures aim to generate COP15.2tn (USD3.9bn) in new revenue, which would be…

US corporate tax reform depends on issue linkage

Location:

UNITED STATES

Corporate tax may be one area where it could be possible to find some common ground between the otherwise gridlocked Republican Congress and the Democratic White House. President…

Ambitious fiscal reform faces obstacles in Colombia

Location:

COLOMBIA

The plans, presented to Congress on April 15, aim to increase tax revenues by an unprecedented COP23.4tn (USD6.4bn) and make permanent a basic income programme started during the…

UK government’s fiscal plans are not sustainable

Location:

UNITED KINGDOM

Despite the short-term improvement in the fiscal position, the budget does not make major changes to macroeconomic policy or reverse planned tax increases. Instead, the government…

Russia will both contest and adjust to EU carbon tax

Location:

RUSSIA

Additional EU taxes on carbon-intensive energy and other products could cost Russian industry up to EUR50bn (USD59bn) before 2030. With some corporate exceptions, Russia's…

Risks of widespread protests will endure in Costa Rica

Location:

COSTA RICA

The move followed days of protests in response to plans for tax reforms designed to rein in the country’s burgeoning fiscal deficit.

US 2018 midterms are likely to weaken Democrats' clout

Location:

UNITED STATES

The Democrats are seeking to revive their party’s fortunes in legislative and electoral battles from the nadir following the political upsets of 2016. As the party seeks to…

Austria’s budget may fail to address structural issues

Location:

AUSTRIA

The budget relies on optimistic economic projections to justify its mix of expenditure and tax cuts to generate a surplus.

Lasso faces major economic challenges in Ecuador

Location:

ECUADOR

Lasso has promised to maintain the pro-market policies of the last four years, hoping they will revive Ecuador’s stagnant economy as the effects of the COVID-19 pandemic subside…

Philippines 2017-18 agenda has modest outlook

Location:

PHILIPPINES

The act, aimed at improving government efficiency by closing or merging departments and state entities, is one of the priorities President Rodrigo Duterte set in his second State…