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 24 October 2013 A new standard VAT return, which could cut costs for EU businesses by up to EUR 15 billion a year, is proposed by the…
— last modified 30 September 2013 About 39% of total economic activity in the EU (worth some EUR 4.7 trillion annually) is generated by IPR-intensive industries, and approximately 26% of…
— last modified 19 September 2013 An estimated EUR 193 billion in VAT revenues (1.5% of GDP) was lost due to non-compliance or non-collection in 2011, according to a new…
— last modified 18 September 2013 The Commission has proposed draft legislation to help restore confidence in the integrity of benchmarks. A benchmark is an index (statistical measure), calculated from…
— last modified 12 September 2013 Euro-MPs on 12 September gave their green light to the EU bank supervision system which will bring some 150 of the EU’s largest banks…
— last modified 04 September 2013 The Commission has today adopted a communication on shadow banking and also proposed new rules for money market funds (MMFs). These aim to ensure…
