Investors who participate in the $1 billon float next month will benefit from work it wins looking after the nation’s infrastructure, says chairman David Moffatt.
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Tax revenues in Asia and the Pacific hit by pre-COVID economic slowdown
21/07/2021 – Tax revenues fell in 2019 in two-thirds of economies across Asia and the Pacific as a result of an economic slowdown prior to the COVID-19 pandemic, according to a new OECD report.
Revenue Statistics in Asia and the Pacific 2021, launched today at an Asia-Pacific Economic Cooperation (APEC) workshop on tax policy responses to the COVID-19 pandemic, shows that the average tax-to-GDP ratio for the 24 economies in the Asia-Pacific region covered by the report was 21.0% in 2019. This is below the average tax-to-GDP ratio for Latin America and the Caribbean (22.9%) and the OECD (33.8%) in 2019 but above the African average (16.6% in 2018).