Monday, November 06, 2017

Doing Business 2018: Reforming to Create Jobs report

Credit card details, salary information published by government contractor
World Bank: “Governments in 119 economies carried out 264 business reforms in the past year to create jobs, attract investment and become more competitive, says the World Bank Group’s latest Doing Business 2018: Reforming to Create Jobs report. Marking its 15th anniversary, the report notes that 3,188 business reforms have been carried out since it began monitoring the ease of doing business for domestic small and medium enterprises around the world.
Download the Doing Business 2018: Reforming to Create Jobs report


Revenue gain from tax cut, Treasury claims



Can neuroeconomics explain “penny wise, pound foolish”?  Paper Paper on economic decisions

We’ve seen an 82 percent jump in bitcoin-related jobs, says employment website CEO CNBC. “People are getting freelancers to design new types of cryptocurrencies.” So totallly not frothy.

Here's why you shouldn't trust the Tories' tax revenue figures  

The Max Planck Institute for Tax Law and Public Finance, Norwegian Centre for Taxation, and Notre Dame are hosting a conference on From Panama to BEPS: Tax Evasion or Tax Avoidance —International and National Policies to Confront Personal and Corporate Tax Strategies in Bergen, Norway (program):
Session #1:  Shifting Income Between Schedules
Session #2:  Income and Investment Shifting
Session #3:  Tax Avoidance

Wellbeing in the APS.

New details from the State of the Service report. (APSC)
Canberra's answer to ICAC begins to take shape.
One side of politics has warmed to the idea of a federal ICAC in the wake of recent scandals. They could look across Lake Burley Griffin for a fresh model.

Investing in people to boost productivity.
Increasing productivity requires investment in people, and not just through remuneration. Organisations need to create inspiring workplaces and recognise the true value of time for deep thinking.

Trump's Top Economist Offers Solution to Unemployment: More Government Jobs



INTERNATIONAL TRENDS IN COMPANY TAX AND COLLECTIVE INVESTMENT VEHICLES
Treasury has published a working paper on international trends in company tax and collective investment vehicles. The paper [International Trends in Company Tax and Collective Investment Vehicles] , by Andy Hutt and Grant Wardell-Johnson from KPMG, and Alicia Tan from Treasury, provides a cross country comparison, drawing out the similarities and differences between corporate tax systems, on company tax rates, company tax collections, thin capitalisation rules and collective investment vehicles as levers used to attract foreign investment. While it is not an in depth cross country analysis, it aims to provide a snapshot of key trends of corporate tax systems around the world.


The paper notes that corporate tax systems around the world are trying to strike the right balance between attracting foreign capital to promote economic growth, and also having appropriate safe guards to ensure the sustainability of their corporate tax base. The majority of the countries considered in the study have thin capitalisation rules to limit the level of interest deductions available to multinationals looking to reduce their tax liability by shifting profits to favourable tax jurisdictions. The paper expects that governments around the world will continue to expand their thin capitalisation rules to address profit shifting.