Indonesia implemented a wide-ranging fiscal restructuring programme in 2025 under President Prabowo that focused on expenditure rationalisation, tighter enforcement and recovery of revenue from illegal economic activity, resulting in an estimated fiscal impact of about $30 billion while keeping the fiscal deficit within the statutory 3 percent ceiling and maintaining stable debt levels.
— last modified 23 December 2021 The European Commission proposed on 22 December a Directive ensuring a minimum effective tax rate for the global activities of large multinational groups.AdvertisementWhat did…
— last modified 07 December 2021 EU finance ministers reached agreement on 7 December to update the current rules governing value-added tax (VAT) rates for goods and services.AdvertisementWhy did the…
— last modified 18 October 2023 In its regular package of infringement decisions, the European Commission pursues legal action against EU Member States for failing to comply with their obligations…
— last modified 22 September 2021 The European Commission adopted on 22 September a comprehensive review of EU insurance rules (known as “Solvency II”) so that insurance companies can scale…
— last modified 20 July 2021 The European Commission presented on 20 July a package of legislative proposals to strengthen the EU’s anti-money laundering and countering terrorism financing (AML/CFT) rules.…
— last modified 06 July 2021 The European Commission adopted on 6 July a number of measures to increase its level of ambition on sustainable finance.Advertisement What is the Commission proposing?…
