Papua New Guinea’s international profile received a boost when it was selected to host the 2018 APEC meetings. The main event – the APEC Leaders’ Summit to be held in November 2018 – is expected to see world leaders including US President Donald Trump and Chinese President Xi Jinping converge at Port Moresby to discuss and negotiate a host of...
Papua New Guinea’s chairmanship of APEC in 2018 comes at a time when the Pacific Island nation is still grappling with a foreign exchange shortage and high public debt, as well as persistent problems with law and order. Despite these challenges – and, in some quarters, grumblings that hosting APEC 2018 is an unnecessary drain on public...
What regulatory reforms are being undertaken to make Papua New Guinea more attractive as an international investment destination?
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...
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