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US sets and suspends tariffs over digital services tax More trade news. The US has announced - and immediately suspended - tariffs on certain goods from UK, Italy, Spain, Austria, India and Turkey over their digital services tax. The tariffs are being imposed after the US concluded that these digital taxes discriminated against US tech companies, were inconsistent with principles of international taxation, and burdened U.S. companies. These digital services taxes, on the revenues of technology giants, are designed to make firms such as Google and Facebook pay a fairer share of tax where they...

GAC Audit Finds Lapses in Compliance at the Liberia Revenue Authority GAC Audit Finds Lapses in Compliance at the Liberia Revenue Authority Share MONROVIA – The joint legislative Public Account Committee (PAC) on Wednesday resumed hearings into audits commissioned by the General Auditing Commission (GAC) with the Liberia Revenue Authority (LRA) appearing first amongst a host of institutions that are expected to appear. According to Senator Emmanuel Nuquay of Margibi County who chair the PAC, the committee is focused on conducting hearing for audits of heads of institutions who are currently...

   On 5 March, the new Director-General met with the Group of Least Developed Countries as well as the Friends of the System, an alliance of small and mid-sized members from different regions and development levels that are committed to a well-functioning multilateral trading system. DG Okonjo-Iweala also addressed the first meeting of the Structured Discussions on Trade and Environmental Sustainability, at the invitation of the 53-member group that is exploring ways trade and the WTO can better contribute to achieving environmental goals. In her discussions with the LDC Group, th...

"Ultimately, investors want to trust the government that is looking after them and I believe Saudi Arabia, through our leadership, has shown that." Mr Al-Falih did not give a direct investment figure for 2020 investment. In 2019, the kingdom increased FDI by 7 per cent to $4.6 billion, according to the United Nations Conference on Trade And Development's 2020 World Investment Report. Globally, FDI slumped by 42 per cent last year as Covid-19 disrupted economic activity, Unctad said in its Global Investment Trends Monitor earlier this week. The Geneva-based organisation expects disruption to c...

Prime Minister Imran Khan on Monday presented a five-point agenda to address the structural barriers in global prosperity, proposing equitable supply of Covid-19 vaccine to developing countries and suspension of debt repayments for most stressed countries until the end of the pandemic