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Tax Evasion Badly Affects Sustainable Development Goals

New York (ABC Live): Tax Evasion  :Countries need to strengthen the effectiveness of their tax regimes to unleash much-needed domestic resources to ensure the realization of the Sustainable Development Goals (SDGs), as well as the promotion of inclusive economic growth, United Nations and as key international economic and financial organizations have urged. At a three-day conference, from 14-16 February, held …

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IMF Concludes Assessment of UK Economy

Washington D.C (ABC Live): UK Economy  : On February 12, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the United Kingdom. Economic growth has moderated since the beginning of 2017, reflecting weakening domestic demand. The sharp depreciation of sterling following the referendum has raised consumer price inflation, squeezing household real income and consumption. Business investment has …

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IBBI Amends Fast Track Insolvency Resolution Process for Corporate Persons

New Delhi (ABC Live): Fast Track Insolvency Resolution Process : The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 yesterday. As per the Amendments, The Resolution Professional shall appoint Registered Valuers to determine the fair value and the liquidation value of the …

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US Tax Cuts and Jobs Act May Affects $2 Trillion FDI

Geneva (ABC Live):Tax Cuts and Jobs Act : The United States “Tax Cuts and Jobs Act” will have significant implications for global FDI patterns. It will affect multinational enterprises and foreign affiliates accounting for almost 50% of global FDI stock, according to a special issue of the UNCTAD Global Investment Trends Monitor. “The experience from the last tax break on the …

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Know Howe Ease of Doing Business Ranking Compares Economies

New Delhi (ABC Live): Doing Business Ranking : Doing Business Claims That it presents results for two aggregate measures: the distance to frontier score and the ease of doing business ranking, which is based on the distance to frontier score. The ease of doing business ranking compares economies with one another; the distance to frontier score benchmarks economies with respect …

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Global Investment Trends Monitor Says FDI Declined by 16%

Geneva (ABC Live): Global Investment Trends Monitor :Global flows of foreign direct investment (FDI) fell by 16% in 2017 to an estimated US$1.52 trillion, from a revised US$1.81 trillion in 2016, according to the latest UNCTAD Global Investment Trends Monitor. “FDI recovery continues to be on a bumpy road” said UNCTAD Secretary-General Mukhisa Kituyi. “While FDI in developing countries remained at …

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Know The Labor Market Regulation Methodology

New Delhi (ABC Live): Labor Market Regulation Methodology : Doing Business Claims that it studies the flexibility of regulation of employment, specifically as it relates to the areas of hiring, working hours and redundancy. Doing Business also measures several aspects of job quality such as the availability of maternity leave, paid sick leave and the equal treatment of men and women at the workplace. Doing Business 2018 presents the data …

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Know Doing Business Resolving Insolvency Methodology

New Delhi (ABC Live): Doing Business Resolving Insolvency Methodology : Doing Business Claims that it studies the time, cost and outcome of insolvency proceedings involving domestic entities as well as the strength of the legal framework applicable to judicial liquidation and reorganization proceedings. The data for the resolving insolvency indicators are derived from questionnaire responses by local insolvency practitioners and …

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Know Doing Business Enforcing Contracts Methodology

New Delhi (ABC Live): Doing Business Enforcing Contracts Methodology : Doing Business Claims that It measures the time and cost for resolving a commercial dispute through a local first-instance court and the quality of judicial processes index, evaluating whether each economy has adopted a series of good practices that promote quality and efficiency in the court system. The data are collected …

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Know Doing Business Trading Across Borders Methodology

New Delhi (ABC Live): Trading Across Borders Methodology : Doing Business Claims that it records the time and cost associated with the logistical process of exporting and importing goods. Doing Business measures the time and cost (excluding tariffs) associated with three sets of procedures—documentary compliance, border compliance and domestic transport—within the overall process of exporting or importing a shipment of goods. Figure …

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