VAT, GCC Style
Introduction of a standard VAT (Value Added Tax) rate of 5% was agreed on by the Gulf Cooperation Council (GCC) countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE) back in June 2016. And while the future of...
Poland’s Ambitious Plans for Fighting VAT Fraud
This month, Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, bluntly stated: Twenty-five years after the cr...
A Glimpse at the Effects of the ECB’s Expansionary Monetary Policy on Inflation
With only a few days to go before the next ECB meeting, it is instructive to assess the impact of expansionary monetary policy on inflation in the...
Increasing Demand for Workers Aged 50+. Valued Workforce or Forced Change?
During last two years, the Polish labor market has experienced a dynamic shift towards a low unemployment rate, higher-than-average demand for work...
Is the “Convergence Trap” the New Risk for the CEE and CIS?
On September 29th, the global equity index provider FTSE Russell announced plans to upgrade Poland from an Advanced Emerging to a Developed market,...
Catalonia and the Economics of Secession
The popular support for the secession movement in Catalonia notwithstanding, a serious question must be asked about the underlying rationale: is it...
Russia’s Banking Crisis Indicates Deep Rot
Since Elvira Nabiullina became chairwoman of the Central Bank of Russia (CBR) in 2014, it has closed or taken over more than 300 out of 800 banks....
