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The package benefits owners of salaries, pensions, beneficiaries of Takaful and Karama, holders of ration cards
Minister participates in IMF and World Bank meetings, meets major investment banks to review Egypt’s economic reforms
IMF to complete their review of the programme in June this year, before releasing the 2nd tranche
Egypt’s debt tripled in recent years due to the problems experienced during the last 40 years, says Al-Garhy
Order books for the bonds exceeded $13.5bn; Egypt to receive amount by early February
160,000 tax dispute cases will benefit from the privileges of tax dispute resolution law, says deputy minister
We have not studied cancelling the tax on treasury bills and bonds yet, but all ideas will be discussed.
VAT in FY 2016/2017 will render the state EGP 20bn and EGP 32bn in FY 2017/2018
Elswedy is negotiating with the Industry Ministry to expedite allocating lands for free as well as their usufruct right
37,000 feddans were recovered by the State Land Recovery Committee
Despite the progress accomplished by the government, effort is still needed to facilitate more investors and the private sector, says minister
The recent amendments aim to curb government spending and promote economic development, says El-Garhy
While faulting Madrid and Lisbon for failing to take necessary measures to bring their budgets within limits, the European Commission will leave it to EU finance ministers to decide if they deserve to be penalized.
Finance Minister Schäuble has presented Germany with another balanced budget to cement his reputation for austerity. But, with the country in need of social investment and interest rates low, isn’t it time to borrow?
The German cabinet has thrown its weight behind Finance Minister Wolfgang Schäuble’s draft budget for next year and his financing plans up to 2020. The main message is no fresh borrowing will be needed.
British plans to considerably lower corporate tax have drawn first reactions from political leaders across the EU. Surely no one wants to be at a disadvantage when it comes to luring companies, or keeping them.
Rumours that taxes for citizens will increase are not true, only methods will change in order to fight tax evasion, says minister
Britain’s finance minister has announced plans to drastically reduce corporate tax in the nation, still reeling from the pro-Brexit vote. The measure is aimed at tempting businesses to stay in the country.
In his first appearance since the UK voted to leave the EU, British Finance Minister George Osborne has sought to reassure financial markets. “No one should doubt our resolve to maintain fiscal stability,” Osborne said.
The goal is a simplified tax system for small businesses without additional burdens
Ahead of a meeting of eurozone finance minister, the head of the group, Jeroen Dijsselbloem has said Greece’s latest bailout package would need the participation of the International Monetary Fund (IMF).
We will slow down the growth of expenditure items and increase revenue to control deficits and debt, said Al-Garhi
Differences over fiscal policy and reforms dominate the agenda of a G7 finance ministers meeting, with a “go-your-own-way” response to weak global growth being the likely result of the two-day gathering in Japan.
The “finance minister” for the “Islamic State” (IS) Mustafa Al-Qaduli has been killed, US secretary of defence Ashton Carter said.
Egypt will actively participate in discussions and endeavours conducted in G20 summit
The minister’s statements did not address any change in the tax plan
Parliamentary elections will be another milestone towards economic reform, says Hany Kadry Dimian