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Global tax reform is on track, but hurdles remain

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INTERNATIONAL

More than 130 countries have agreed rules to allow the minimum taxation of excess corporate profits and a formula for allocating revenue shares by country. However, several EU…

Global minimum tax on corporate profits is going ahead

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INTERNATIONAL

Progress was made on the technical details of Pillar 1, the reallocation of taxing rights from host countries to those where a multinational operates, but US opposition has…

Tighter global money risks exposing banks’ fault lines

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INTERNATIONAL

Addressing the concerns this raises for banks' profitability, the Financial Services Agency announced that it would stress test Japan's 105 regional banks in mid-2019. Central…

OECD/G20 digital tax reform is highly unlikely

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INT

The new tax framework's first pillar would establish a formula to divide tax rights between digital firms' host countries and user markets; and the second would fix a global…

Another rating upgrade is likely for Hungary soon

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HUNGARY

Hungary thereby regains investment-grade status, albeit at the lowest level, from being downgraded to 'junk' because of doubts about the government's policies and the high public…

State assets may fund Turkish public-private projects

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TURKEY

Moves to shore up the PPP infrastructure programme.

G20 countries will adopt new corporate tax accord

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INTERNATIONAL

The rulings come as the EU advances legislation to increase transparency on corporate tax rulings and after the G20 on October 9 endorsed the new OECD Base Erosion and Profit…

Prospects for the global economy to end-2022

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PROSPECTS

Prospects for the global economy to end-2022.

Shifts elsewhere could build up Polish policy doubts

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POLAND

Poland's rating, therefore, remains at A2, despite persistent concerns about the policies of its one-year-old nationalist government, in particular, the threats to the…

COVID-19 will hit US GDP but recovery may be V-shaped

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UNITED STATES

US economic outlook.