Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...
What regulatory reforms are being undertaken to make Papua New Guinea more attractive as an international investment destination?
Although 2017 was another challenging year for Papua New Guinea, with subdued GDP growth against a backdrop of falling government revenues, cuts to public spending and rising fiscal challenges, economic recovery is gradually gathering steam. A steady uptick in commodity prices supported export growth and augmented the country’s trade surplus,...
Papua New Guinea’s chairmanship of APEC in 2018 comes at a time when the nation is still grappling with a foreign exchange shortage and high public debt, as well as persistent problems with law and order. Despite these issues, C-suite executives appear optimistic for 2018, as shown by the more than 100 participants in Oxford Business Group’s...
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