Recent decades have seen a downward trend in corporate taxation, with headline corporate tax rates falling by 20 percentage points since the early 1980s. The average for advanced economies dipped to 22% in 2015, and investment incentives have further reduced effective rates for transnational corporations. After the 2007-08 global financial...
Tunisia is working to gradually improve its economic indicators by means of tough yet necessary structural reforms. Although significant strides have been made since 2011, the country continues to face acute macroeconomic imbalances, while coincident reforms have suffered from changing administrations in the years following the revolution,...
The Tunisian dinar is pegged to a weighted basket of currencies, which includes the dollar and yen, but is dominated by the euro. In recent years, however, the government has introduced greater flexibility within the exchange-rate regime, in line with the IMF’s calls to do so. This has led to a significant devaluation of the country’s currency...
Tunisia’s rank in the World Bank “Doing Business” index was 88th among 190 economies in 2018, down from 77th in 2017 and 75th in 2016. While substantial barriers to investment remain, due in part to persisting malpractices and the uncertainty since the country’s revolution of 2011, the government is working towards improving key factors such...
Since the 2011 Jasmine Revolution, Tunisia has not only developed fundamentally at the domestic level, but also in its external relations. New and old alliances, a broadening of relations, and new forms of civil society activism – alongside Tunisia’s growing presence in international organisations – certify that the country has the potential...
After the modern Tunisian Republic was founded in 1956, Habib Bourguiba, known as the father of the nation, tempered the influence of religion, pushed for women’s rights in the Personal Status Code and created secular, coeducational and bilingual schools, making Tunisia a leading modern example regionally.
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