Using health spending to achieve fiscal consolidation objectives?
|
|
- Rachel Parrish
- 5 years ago
- Views:
Transcription
1 Using health spending to achieve fiscal consolidation objectives? Dr. Tamás Evetovits Senior Health Financing Specialist WHO Regional Office for Europe
2 Outline Let s get the objectives right Dealing with the downturn - fiscal austerity How much can efficiency gains help navigate health systems through a crisis?
3 Balancing the budget An accounting exercise or a matter of choice in public policy priorities and finding the right instruments to minimize adverse effects on equity and financial protection?
4 Sustainability is meaningless if not linked to public policy objectives Fiscal sustainability should not be seen as a policy objective worth pursuing for its own sake If it was an objective, then across the board cost cutting would do the job and both equity and efficiency would suffer
5 PPP adjusted international US$ Economic sustainability: Does health spending carve out an unfair share of growing wealth? EST health spending EST non-health spending Source: WHO NHA database, 2012
6 Have we asked people? Health spending is the top priority for more spending across Europe First priority Second priority Source: Owen Smith, World Bank Health Education Pensions Assisting poor Housing Infrastructure Environment
7 Fiscal sustainability: is the health sector a threat to fiscal sustainability? Not in Estonia... Government health spending less than 12% of total in and in 2010 as well Source: WHO NHA database, 2012
8 ...and certainly not in Hungary...
9 ...and the share of health within government spending in the WHO European region is not increasing much (lower left chart) Division of Information, Evidence, Research and Innovation
10 Azerbaijan Cyprus Tajikistan Armenia Georgia Russian Albania Uzbekistan Latvia Ukraine Ireland Bulgaria Belarus Hungary Israel Kyrgyzstan Romania Kazakhstan Estonia Poland Greece Finland Lithuania Turkey TFYR Macedonia Republic of Malta Montenegro Slovenia Serbia Slovakia Portugal Italy Iceland Sweden Czech Republic Belgium Spain Luxembourg United Kingdom Austria France Bosnia and Denmark Norway Croatia Netherlands Germany Switzerland Priority to health varies across the European region and generally lower in the eastern part (2010) Source: WHO, 2011
11 Insurance function and public financing Let s not forget the primary reason why health is a big ticket item on the public budget Public financing achieves better financial protection and equity in access to care i.e. health insurance according to need and not ability to pay These objectives should drive fiscal policy as well as the cuts in spending when unavoidable
12 Outline Let s get the objectives right Dealing with the downturn - fiscal austerity How much can efficiency gains help navigate health systems through a crisis?
13 The rationale for counter-cyclic fiscal policies for health expenditure Need for health care during the crisis increases Drop in public expenditure leads to an increase in private spending which in turn reduces financial protection for the poor who may forgo seeking care Utilization of services and quality of care during a crisis decrease despite increased needs
14 Sharp increase of unmet need in Latvia
15 Latvia cut health spending more than other sectors during its fiscal consolidation...at a high price to patients Division of Information, Evidence, Research and Innovation
16 Options for counter-cyclical spending on health... Accumulate reserves and use when crisis hits Opt for deficit financing (if fiscal health allows) Reallocate within government budget or raise new sin taxes (and earmark to health)...and coping strategies within the health sector Improve efficiency of the health system Reallocate within the sector Cut benefits (as last resort) Division of Information, Evidence, Research and Innovation
17 Estonia: well prepared for a crisis, but HIF reserves were used to balance government budget Source of slide: T. Habicht, EHIF,
18 mln. Lt 3,500 Counter-cyclical public spending at work in Lithuania Source: G. Kacevicius 3,000 2,500 2,000 1,500 1, planas 2013 m. projektas Total amount of contributions of economically active population, million LTL Total amount of contributions and aditional allocations of national budget, million LTL 18
19 Belarus Monaco Bosnia and Herzegovina Kazakhstan Georgia Malta Iceland Albania Tajikistan United Kingdom Bulgaria Azerbaijan Romania Czech Republic Estonia Italy Republic of Moldova Sweden Uzbekistan Israel Switzerland Belgium Cyprus Russian Federation Luxembourg Hungary Ukraine Serbia France Andorra Turkmenistan San Marino Turkey Croatia Montenegro Germany Netherlands Lithuania Austria Greece Denmark Spain Finland Poland Norway Kyrgyzstan Slovenia Slovakia The Republic of Macedonia Latvia Portugal Armenia Ireland 6 Priority to health has changed during the financial / economic crisis: in many countries health contributed to fiscal consolidations 5 4 GGHE as % of General government expenditure (GGE) 3 Change Source: Jon Cylus et al., 2013
20 30.0% Reallocation within government budgets Redistribution within government budget: Differences in the percentage of the government budget spent on various sectors from 2007 to 2010, selected countries 20.0% 10.0% 0.0% -10.0% -20.0% -30.0% Source: Jon Cylus et al., 2013 Economic affairs Health Education Social protection Other
21 Countries with a reduction in per capita public spending on health (national currency units), Andorra Andorra Albania Andorra France Bulgaria Armenia Armenia Luxembourg Croatia Croatia Czech Republic Malta Estonia Czech Republic Germany Hungary Estonia Greece Ireland Finland Ireland Latvia Greece Netherlands Lithuania Iceland Portugal Romania Ireland Slovakia San Marino Lithuania Spain FYR Macedonia Montenegro United Kingdom Slovenia Spain Source: WHO, 2013 (forthcoming) Countries shown in bold experienced reduced spending in more than one year
22 Are we moving away from universal health coverage or can we manage with efficiency gains?
23 Policy responses in Europe Good news: Very few countries made changes to the statutory benefit packages and the breadth of population coverage; in some cases benefits were expanded for low-income groups. Bad news: Many countries lowered the depth of coverage by instituting or increasing PATIENT USER CHARGES for certain services, increasing the financial burden on households.
24 Improving efficiency is a far better option than cutting back on services or imposing fees that punish the poor Dr. Margaret Chan, Director-General World Health Organization
25 Policy responses in Europe: expenditure Lower spending on PHARMACEUTICALS by negotiating lower prices and switching to generic medicines Health personnel SALARIES were reduced, frozen, or the rate of increase reduced. Cuts in spending on HOSPITALS by reducing tariffs and volume In some cases these were across-the-board cuts, in other cases targeted
26 Improving efficiency reduces adverse effects of the crisis and helps secure popular and political support for more spending in the future Eliminate ineffective and inappropriate services Improve rational drug use (including volume control) Allocate more to primary and outpatient specialist care at the expense of hospitals Invest in infrastructure that is less costly to run Cut the volume of least cost-effective services
27 Crisis presents opportunities not to be missed and potential failures to avoid
28 There is a limit to how far (and how fast) efficiency gains can take us? Aim for sustainable efficiency gains Avoid losing human resources Protect what works well because re-building capacity may be more costly in the long run Careful with shifting from public to private out-of-pocket expenditure Spending cuts efficiency
29 In closing: an invitation to Oslo, Norway Stronger health systems: prepared and resilient
Spain France. England Netherlands. Wales Ukraine. Republic of Ireland Czech Republic. Romania Albania. Serbia Israel. FYR Macedonia Latvia
Germany Belgium Portugal Spain France Switzerland Italy England Netherlands Iceland Poland Croatia Slovakia Russia Austria Wales Ukraine Sweden Bosnia-Herzegovina Republic of Ireland Czech Republic Turkey
More informationEconomic and Social Council
United Nations ECE/MP.PP/WG.1/2011/L.7 Economic and Social Council Distr.: Limited 25 November 2010 Original: English Economic Commission for Europe Meeting of the Parties to the Convention on Access to
More informationInnovating Public Health Policy in times of the financial & economic crisis in the WHO European Region
Brussels, 21 February 2013 Innovating Public Health Policy in times of the financial & economic crisis in the WHO European Region Hans Kluge Director, Health Systems and Public Health The WHO policy Health
More informationDouble Tax Treaties. Necessity of Declaration on Tax Beneficial Ownership In case of capital gains tax. DTA Country Withholding Tax Rates (%)
Double Tax Treaties DTA Country Withholding Tax Rates (%) Albania 0 0 5/10 1 No No No Armenia 5/10 9 0 5/10 1 Yes 2 No Yes Australia 10 0 15 No No No Austria 0 0 10 No No No Azerbaijan 8 0 8 Yes No Yes
More informationTHE INVERTING PYRAMID: DEMOGRAPHIC CHALLENGES TO THE PENSION SYSTEMS IN EUROPE AND CENTRAL ASIA
THE INVERTING PYRAMID: DEMOGRAPHIC CHALLENGES TO THE PENSION SYSTEMS IN EUROPE AND CENTRAL ASIA 1 Anita M. Schwarz Lead Economist Human Development Department Europe and Central Asia Region World Bank
More informationHealth System Response to Global Economic Crisis
Division of Country Health Systems Health System Response to Global Economic Crisis Tamás Evetovits Senior Health Financing Specialist WHO Regional Office for Europe Barcelona Office for Health Systems
More informationFAQs. 1. Event registration. Dear participants,
FAQs Dear participants, We have compiled a catalogue of the most frequently asked questions (FAQs) to clarify some of the questions that may arise within the framework of the event or its preparation.
More informationComparing pay trends in the public services and private sector. Labour Research Department 7 June 2018 Brussels
Comparing pay trends in the public services and private sector Labour Research Department 7 June 2018 Brussels Issued to be covered The trends examined The varying patterns over 14 years and the impact
More informationBULGARIAN TRADE WITH EU IN THE PERIOD JANUARY - APRIL 2017 (PRELIMINARY DATA)
BULGARIAN TRADE WITH EU IN THE PERIOD JANUARY - APRIL 2017 (PRELIMINARY DATA) In the period January - April 2017 Bulgarian exports to the EU increased by 8.6% 2016 and amounted to 10 418.6 Million BGN
More informationBULGARIAN TRADE WITH EU IN THE PERIOD JANUARY - MAY 2017 (PRELIMINARY DATA)
BULGARIAN TRADE WITH EU IN THE PERIOD JANUARY - MAY 2017 (PRELIMINARY DATA) In the period January - May 2017 Bulgarian exports to the EU increased by 10.8% 2016 and added up to 13 283.0 Million BGN (Annex,
More informationInnovFin SME Guarantee
InnovFin SME Guarantee Implementation Update Reporting date: 30/09/2017 Disclaimer This presentation contains general information about the implementation results of InnovFin SME Guarantee, a facility
More informationFY18 Campaign Terms. CAMPAIGN AGREEMENT ( Campaign Agreement ) FOR CEE DYNAMICS 365 CSP CAMPAIGN ( Program )
1. PROGRAM OVERVIEW CAMPAIGN AGREEMENT ( Campaign Agreement ) FOR CEE DYNAMICS 365 CSP CAMPAIGN ( Program ) OFFERED BY MIOL (MICROSOFT EOC) ( Microsoft ) and/or OFFERED BY MS Subsidiary ( Microsoft ) Microsoft
More informationLong Term Reform Agenda International Perspective
Long Term Reform Agenda International Perspective Asta Zviniene Sr. Social Protection Specialist Human Development Department Europe and Central Asia Region World Bank October 28 th, 2010 We will look
More informationSlovenia Country Profile
Slovenia Country Profile EU Tax Centre July 2015 Key tax factors for efficient cross-border business and investment involving Slovenia EU Member State Double Tax Treaties With: Albania Armenia Austria
More informationPerformance of EBRD Private Equity Funds Portfolio Data to 31 st December EBRD 2011, all rights reserved
Performance of EBRD Private Equity Funds Portfolio Data to 31 st December 2010 0 Portfolio Overview 1 EBRD in Private Equity EBRD s portfolio of funds: over 15 years of investing in the asset class 133
More informationInformation Leaflet No. 5
Information Leaflet No. 5 REGISTRATION OF EXTERNAL COMPANIES INFORMATION LEAFLET NO. 5 / May 2017 1. INTRODUCTION An external (foreign) limited company registered abroad may establish a branch in the State.
More informationLatvia Country Profile
Latvia Country Profile EU Tax Centre June 2018 Key tax factors for efficient cross-border business and investment involving Latvia EU Member State Double Tax Treaties With: Albania Armenia Austria Azerbaijan
More informationLIFESTYLE REWARDS 2017 GENERAL INFORMATION & POLICIES
LIFESTYLE REWARDS 2017 GENERAL INFORMATION & POLICIES PERIOD October 1, 2016 (12:01 a.m. EST) through February 28, 2017 (11:59 p.m. EST) CRITERIA See pages 3 10 of this document. TRIP LOCATIONS Varies
More informationEnterprise Europe Network SME growth outlook
Enterprise Europe Network SME growth outlook 2018-19 een.ec.europa.eu 2 Enterprise Europe Network SME growth outlook 2018-19 Foreword The European Commission wants to ensure that small and medium-sized
More informationApproach to Employment Injury (EI) compensation benefits in the EU and OECD
Approach to (EI) compensation benefits in the EU and OECD The benefits of protection can be divided in three main groups. The cash benefits include disability pensions, survivor's pensions and other short-
More informationTRADE IN GOODS OF BULGARIA WITH EU IN THE PERIOD JANUARY - JUNE 2018 (PRELIMINARY DATA)
TRADE IN GOODS OF BULGARIA WITH EU IN THE PERIOD JANUARY - JUNE 2018 (PRELIMINARY DATA) In the period January - June 2018 the exports of goods from Bulgaria to the EU increased by 10.7% 2017 and amounted
More informationEntitlement to NHS Hospital Treatment for Non-Resident UK Citizens
Entitlement to NHS Hospital Treatment for Non-Resident UK Citizens Entitlement to Free NHS Hospital Treatment by Non-Resident UK Citizens This leaflet has been compiled to explain the entitlement requirements
More informationInformation Leaflet No. 5
Information Leaflet No. 5 REGISTRATION OF EXTERNAL COMPANIES INFORMATION LEAFLET NO. 5 / FEBRUARY 2018 ii 1. INTRODUCTION An external (foreign) limited company registered abroad may establish a branch
More informationPension Reforms Revisited Asta Zviniene Sr. Social Protection Specialist Human Development Department Europe and Central Asia Region World Bank
Pension Reforms Revisited Asta Zviniene Sr. Social Protection Specialist Human Development Department Europe and Central Asia Region World Bank All Countries in the Europe and Central Asia Region Have
More informationCoach Plus Breakdown Insurance
1 Coach Plus Breakdown Insurance Specialist cover for UK and Europe Coach Plus Breakdown Annual Multi-trip Insurance 2018 Underwriting Guide - valid from 1st January 2018 Travel must take place within
More informationPerformance of Private Equity Funds in Central and Eastern Europe and the CIS
Performance of Private Equity Funds in Central and Eastern Europe and the CIS Data to 31 December 26 1 EBRD in Private Equity EBRD s portfolio of funds: 15 years of investing in the asset class Investment
More informationFinancial situation by the end of Table 1. ECPGR Contributions for Phase IX received by 31 December 2016 (in Euro)...3
European Cooperative Programme for Plant Genetic Resources (ECPGR) Phase IX (2014 2018) Financial Report CONTENTS Financial situation by the end of...2 Table 1. ECPGR Contributions for Phase IX received
More informationPerformance of Private Equity Funds in Central and Eastern Europe and the CIS Data to 31 December 2008
Performance of Private Equity Funds in Central and Eastern Europe and the CIS Data to 31 December 2008 1 EBRD in Private Equity EBRD s portfolio of funds: over 15 years of investing in the asset class
More informationFinancial situation by the end of Table 1. ECPGR Contributions for Phase IX received by 31 December 2017 (in Euro)...3
European Cooperative Programme for Plant Genetic Resources (ECPGR) Phase IX (2014 2018) 2017 Financial Report CONTENTS Financial situation by the end of 2017...2 Table 1. ECPGR Contributions for Phase
More informationBorderline cases for salary, social contribution and tax
Version Abstract 1 (5) 2015-04-21 Veronica Andersson Salary and labour cost statistics Borderline cases for salary, social contribution and tax (Workshop on Labour Cost Survey, Rome, Italy 5-6 May 2015)
More informationAPA & MAP COUNTRY GUIDE 2017 CROATIA
APA & MAP COUNTRY GUIDE 2017 CROATIA Managing uncertainty in the new tax environment CROATIA KEY FEATURES Competent authority APA provisions/ guidance Types of APAs available APA acceptance criteria Key
More informationMeasuring financial protection: an approach for the WHO European Region
Division of Health Systems and Public Health WHO Regional Office for Europe Measuring financial protection: an approach for the WHO European Region Jon Cylus WHO Barcelona Office for Health Systems Strengthening
More informationFOREWORD. Estonia. Services provided by member firms include:
2016/17 FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are
More informationCroatia Country Profile
Croatia Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Croatia EU Member State Double Tax Treaties With: Albania Armenia Austria Azerbaijan
More informationgreat place to live and to locate you business Ministry of Economy of the Republic of Moldova
Invest in Moldova great place to live and to locate you business Ministry of Economy of the Republic of Moldova Moldova a strategic location Proximity to key markets European Union Market Commonwealth
More informationEU-28 RECOVERED PAPER STATISTICS. Mr. Giampiero MAGNAGHI On behalf of EuRIC
EU-28 RECOVERED PAPER STATISTICS Mr. Giampiero MAGNAGHI On behalf of EuRIC CONTENTS EU-28 Paper and Board: Consumption and Production EU-28 Recovered Paper: Effective Consumption and Collection EU-28 -
More informationSource OECD HEALTH DATA 2010, October
Financial Crisis in the EU countries Health impact Health Systems Response A framework for decision making Lisbon, 11 th January 2012 Josep Figueras www.healthobservatory.eu Total Health Expenditure %
More informationEUREKA Programme A European Research Programme. > Not an EU-Programme (but complementarity and co-operation - ERA)
EUREKA EUREKA Programme...... Shaping tomorrow s innovations today EUREKA in glance > 2 A European Research Programme > Not an EU-Programme (but complementarity and co-operation - ERA) > Bottom-up project
More information34 th Associates Meeting - Andorra, 25 May Item 5: Evolution of economic governance in the EU
34 th Associates Meeting - Andorra, 25 May 2012 - Item 5: Evolution of economic governance in the EU Plan of the Presentation 1. Fiscal and economic coordination: how did it start? 2. Did it work? 3. Five
More informationWithholding Tax Handbook BELGIUM. Version 1.2 Last Updated: June 20, New York Hong Kong London Madrid Milan Sydney
Withholding Tax Handbook BELGIUM Version 1.2 Last Updated: June 20, 2014 Globe Tax Services Incorporated 90 Broad Street, New York, NY, USA 10004 Tel +1 212 747 9100 Fax +1 212 747 0029 Info@GlobeTax.com
More informationFinancial Accounting Advisory Services
Financial Accounting Advisory Services Bringing clarity to the accounting for restructuring activities October 2014 Agenda 3 About EY 13 Contacts 15 Page 2 Accounting for restructuring Page 3 Why do companies
More informationLithuania Country Profile
Lithuania Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Lithuania EU Member State Yes Double Tax Treaties With: Armenia Austria Azerbaijan
More informationSource OECD HEALTH DATA 2010, October
Impacte de la crisi econòmica sobre la salut i els Sistemes Sanitaris a Europa Terrassa, 15 th November 2011 Josep Figueras www.healthobservatory.eu Total Health Expenditure % GDP (1975-2010) 11 % GDP
More informationEnterprise Europe Network SME growth forecast
Enterprise Europe Network SME growth forecast 2017-18 een.ec.europa.eu Foreword Since we came into office three years ago, this European Commission has put the creation of more jobs and growth at the centre
More informationResponding to the challenge of financial sustainability in Estonia s health system
Responding to the challenge of financial sustainability in Estonia s health system EXECUTIVE SUMMARY Sarah Thomson, Andres Võrk, Triin Habicht, Liis Rooväli, Tamás Evetovits and Jarno Habicht Keywords
More informationContents. Andreas Athinodorou Managing Director International Tax Planning
Seize the advantage of our expertise Technical Newsletter This publication should be used as a source of general information only. For the specific applications of the Law, professional advice should be
More informationEU BUDGET AND NATIONAL BUDGETS
DIRECTORATE GENERAL FOR INTERNAL POLICIES POLICY DEPARTMENT ON BUDGETARY AFFAIRS EU BUDGET AND NATIONAL BUDGETS 1999-2009 October 2010 INDEX Foreward 3 Table 1. EU and National budgets 1999-2009; EU-27
More information11 th Economic Trends Survey of the Impact of Economic Downturn
11 th Economic Trends Survey 11 th Economic Trends Survey of the Impact of Economic Downturn 11 th Economic Trends Survey COUNTRY ANSWERS Austria 155 Belgium 133 Bulgaria 192 Croatia 185 Cyprus 1 Czech
More informationTAXATION OF TRUSTS IN ISRAEL. An Opportunity For Foreign Residents. Dr. Avi Nov
TAXATION OF TRUSTS IN ISRAEL An Opportunity For Foreign Residents Dr. Avi Nov Short Bio Dr. Avi Nov is an Israeli lawyer who represents taxpayers, individuals and entities. Areas of Practice: Tax Law,
More informationMacroeconomic scenarios for skill demand and supply projections, including dealing with the recession
Alphametrics (AM) Alphametrics Ltd Macroeconomic scenarios for skill demand and supply projections, including dealing with the recession Paper presented at Skillsnet technical workshop on: Forecasting
More informationTRENDS AND MARKERS Signatories to the United Nations Convention against Transnational Organised Crime
A F R I C A WA T C H TRENDS AND MARKERS Signatories to the United Nations Convention against Transnational Organised Crime Afghanistan Albania Algeria Andorra Angola Antigua and Barbuda Argentina Armenia
More informationFinland Country Profile
Finland Country Profile EU Tax Centre July 2016 Key tax factors for efficient cross-border business and investment involving Finland EU Member State Double Tax Treaties With: Argentina Armenia Australia
More informationTax Card 2018 Effective from 1 January 2018 The Republic of Estonia
Tax Card 2018 Effective from 1 January 2018 The Republic of Estonia KPMG Baltics OÜ kpmg.com/ee CORPORATE INCOME TAX In Estonia, corporate income tax is not levied when profit is earned but when it is
More informationRomania Country Profile
Romania Country Profile EU Tax Centre March 2014 Key tax factors for efficient cross-border business and investment involving Romania EU Member State Yes Double Tax Treaties With: Albania Algeria Armenia
More informationEU State aid: Guidelines on State aid for environmental protection and energy making of -
EU State aid: Guidelines on State aid for environmental protection and energy 2014-2020 - making of - NHO Seminar Oslo, 5 November 2014 Guido Lobrano, Senior Legal Adviser Summary What is BUSINESSEUROPE?
More informationEuropean Advertising Business Climate Index Q4 2016/Q #AdIndex2017
European Advertising Business Climate Index Q4 216/Q1 217 ABOUT Quarterly survey of European advertising and market research companies Provides information about: managers assessment of their business
More informationWithholding Tax Rate under DTAA
Withholding Tax Rate under DTAA Country Albania 10% 10% 10% 10% Armenia 10% Australia 15% 15% 10%/15% [Note 2] 10%/15% [Note 2] Austria 10% Bangladesh Belarus a) 10% (if at least 10% of recipient company);
More informationAustria Country Profile
Austria Country Profile EU Tax Centre March 2014 Key tax factors for efficient cross-border business and investment involving Austria EU Member State Yes Double Tax Treaties With: Albania Algeria Armenia
More informationAPA & MAP COUNTRY GUIDE 2018 UKRAINE. New paths ahead for international tax controversy
APA & MAP COUNTRY GUIDE 2018 UKRAINE New paths ahead for international tax controversy UKRAINE APA PROGRAM KEY FEATURES Competent authority Relevant provisions Types of APAs available Acceptance criteria
More informationSlovakia Country Profile
Slovakia Country Profile EU Tax Centre July 2016 Key tax factors for efficient cross-border business and investment involving Slovakia EU Member State Double Tax Treaties Yes With: Australia Austria Belarus
More informationThe Budapest Treaty. on the International Recognition of the Deposit of Microorganisms for the Purposes of Patent Procedure
The Budapest Treaty on the International Recognition of the Deposit of Microorganisms for the Purposes of Patent Procedure E. Glantschnig, Patent Division 1 Why a specific treaty? Requirement of sufficient
More informationTax Newsflash January 31, 2014
Tax Newsflash January 31, 2014 Luxembourg s New Double Tax Treaties As of 1 January 2014, Luxembourg further enlarged its double tax treaty network with the entry into force of the new double tax treaties
More informationRomania Country Profile
Romania Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Romania EU Member State Yes Double Tax Treaties With: Albania Algeria Armenia
More informationThe way to Eurostars II
EUREKA Inter-institutional Capacity Building & Awarness Workshop The way to Eurostars II Pedro de Sampaio Nunes Head of EUREKA Secretariat Beirut, 11-12 July 2013 Doing business through technology What
More informationLive Long and Prosper? Demographic Change and Europe s Pensions Crisis. Dr. Jochen Pimpertz Brussels, 10 November 2015
Live Long and Prosper? Demographic Change and Europe s Pensions Crisis Dr. Jochen Pimpertz Brussels, 10 November 2015 Old-age-dependency ratio, EU28 45,9 49,4 50,2 39,0 27,5 31,8 2013 2020 2030 2040 2050
More informationDEVELOPMENT AID AT A GLANCE
DEVELOPMENT AID AT A GLANCE STATISTICS BY REGION 5. EUROPE 6 edition 5.. ODA TO EUROPE - SUMMARY 5... Top ODA receipts by recipient USD million, net disbursements in 5... Trends in ODA Turkey % Ukraine
More informationMacroeconomic overview SEE and Macedonia
Macroeconomic overview SEE and Macedonia Zoltan Arokszallasi Chief Analyst, Macro & FX/FI Research Erste Group Bank Erste Investors Breakfast, 29 September, Skopje 02. Oktober SEE shows mixed performance
More informationTAXATION (IMPLEMENTATION) (CONVENTION ON MUTUAL ADMINISTRATIVE ASSISTANCE IN TAX MATTERS) (AMENDMENT OF REGULATIONS No. 3) (JERSEY) ORDER 2017
Taxation (Implementation) (Convention on Mutual Regulations No. 3) (Jersey) Order 2017 Article 1 TAXATION (IMPLEMENTATION) (CONVENTION ON MUTUAL ADMINISTRATIVE ASSISTANCE IN TAX MATTERS) (AMENDMENT OF
More informationGlobeHopper TRAVEL MEDICAL INSURANCE FOR INDIVIDUALS, FAMILIES AND GROUPS
GlobeHopper TRAVEL MEDICAL INSURANCE FOR INDIVIDUALS, FAMILIES AND GROUPS Travel with Global Peace of Mind Travelling internationally can be an enriching experience. Whether you re exploring the world
More informationStatistics Brief. Inland transport infrastructure investment on the rise. Infrastructure Investment. August
Statistics Brief Infrastructure Investment August 2017 Inland transport infrastructure investment on the rise After nearly five years of a downward trend in inland transport infrastructure spending, 2015
More informationJanuary 12 th,
www.financeisrael.mof.gov.il Table of Contents 1 Main Indicators 2 Real Economy 3 Foreign Trade and Balance of Payments 4 Labor Market 5 Fiscal Stance 6 Price Stability and Monetary Policy 7 Innovative
More informationWithholding tax rates 2016 as per Finance Act 2016
Withholding tax rates 2016 as per Finance Act 2016 Sr No Country Dividend Interest Royalty Fee for Technical (not being covered under Section 115-O) Services 1 Albania 10% 10% 10% 10% 2 Armenia 10% 10%
More informationide: FRANCE Appendix A Countries with Double Taxation Agreement with France
Fiscal operational guide: FRANCE ide: FRANCE Appendix A Countries with Double Taxation Agreement with France Albania Algeria Argentina Armenia 2006 2006 From 1 March 1981 2002 1 1 1 All persons 1 Legal
More informationGreece Country Profile
Greece Country Profile EU Tax Centre June 2018 Key tax factors for efficient cross-border business and investment involving Greece EU Member State Double Tax Treaties With: Albania Armenia Austria Azerbaijan
More informationACCIDENT INVESTIGATION AND PREVENTION (AIG) DIVISIONAL MEETING (2008)
International Civil Aviation Organization AIG/08-WP/36 5/9/08 WORKING PAPER ACCIDENT INVESTIGATION AND PREVENTION (AIG) DIVISIONAL MEETING (2008) Montréal, 13 to 18 October 2008 Agenda Item 6: Regional
More informationAlbania 10% 10%[Note1] 10% 10% Armenia 10% 10% [Note1] 10% 10% Austria 10% 10% [Note1] 10% 10%
Country Dividend (not being covered under Section 115-O) Withholding tax rates Interest Royalty Fee for Technical Services Albania 10% 10%[Note1] 10% 10% Armenia 10% Australia 15% 15% 10%/15% 10%/15% Austria
More informationGlobal Assessment of Environmental-Economic Accounting and Supporting Statistics
Global Assessment of Environmental-Economic Accounting and Supporting Statistics Additional analysis Version 3.0 THE SOUTH AFRICA I KNOW, THE HOME I UNDERSTAND Contents Abbreviations and acronyms Figures
More informationThe Architectural Profession in Europe 2012
The Architectural Profession in Europe 2012 - A Sector Study Commissioned by the Architects Council of Europe Chapter 2: Architecture the Market December 2012 2 Architecture - the Market The Construction
More informationHIA implementation and health in Environmental Assessments across Europe
HIA implementation and health in Environmental Assessments across Europe Julia Nowacki WHO European Centre for Environment and Health, Bonn, Germany Reuniting planning and health: tackling the implementation
More informationStatistics Brief. Investment in Inland Transport Infrastructure at Record Low. Infrastructure Investment. July
Statistics Brief Infrastructure Investment July 2015 Investment in Inland Transport Infrastructure at Record Low The latest update of annual transport infrastructure investment and maintenance data collected
More informationBelgium Country Profile
Belgium Country Profile EU Tax Centre July 2016 Key tax factors for efficient cross-border business and investment involving Belgium EU Member State Double Tax Treaties Yes With: Albania Algeria Argentina
More informationReimbursable Advisory Services in Europe and Central Asia (ECA)
Reimbursable Advisory Services in Europe and Central Asia (ECA) Expanding Options for Our Clients: Global Knowledge, Strategy, and Local Solutions REIMBURSABLE ADVISORY SERVICES (RAS): What Are They? RAS
More informationInterchange Rates: Mastercard and Visa May 2018
Interchange Fees Interchange Rates: Mastercard and Visa May 2018 Interchange Rates Amendment History Version Status Date Issued Comment Originator Reviewed By ITABLE 05/2016 New May 2016 New document.
More informationPEUGEOT OPEN EUROPE Assistance 24/24 7/7 From France: From abroad:
IN AN EMERGENCY / 2017 PEUGEOT OPEN EUROPE Assistance 24/24 7/7 From France: 01 47 89 24 24 From abroad: +33 1 47 89 24 24 contents / 2017 WHAT TO DO IN CASE OF BREAKDOWN, ACCIDENT, THEFT OR VANDALISM?--------------
More informationTurkey Country Profile
Turkey Country Profile EU Tax Centre June 2018 EU Tax Centre June 2018 Turkey Key tax factors for efficient cross-border business and investment involving Turkey EU Member State Double Tax Treaties No
More informationThe current state of the electricity market in Bulgaria
The current state of the electricity market in Bulgaria Towards market liberalization Current state of the market Generation 42 TWh Export - 18% Losses - 9% Regulated market 33% Domestic free market -
More informationConsumer Credit. Introduction. June, the 6th (2013)
Consumer Credit in Europe at end-2012 Introduction Crédit Agricole Consumer Finance has published its annual survey of the consumer credit market in 27 European Union countries (EU-27) for the sixth year
More informationFCCC/SBI/2010/10/Add.1
United Nations Framework Convention on Climate Change Distr.: General 25 August 2010 Original: English Subsidiary Body for Implementation Contents Report of the Subsidiary Body for Implementation on its
More informationTurkey Country Profile
Turkey Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Turkey EU Member State Double Tax Treaties With: Albania Algeria Australia Austria
More informationTable of Contents. 1 created by
Table of Contents Overview... 2 Exemption Application Instructions for U.S. Tax Residents Living in the U.S.... 3 Exemption Application Instructions for Tax Residents of European Union Member States (other
More informationFinancial wealth of private households worldwide
Economic Research Financial wealth of private households worldwide Munich, October 217 Recovery in turbulent times Assets and liabilities of private households worldwide in EUR trillion and annualrate
More informationSocioeconomic inequalities in mortality and longevity
Socioeconomic inequalities in mortality and longevity Peter Goldblatt Taking action on the Social Determinants of Health 12 March 2013 Thanks to Ruth Bell www.instituteofhealthequity.org 1 Review of Social
More informationArgentina Bahamas Barbados Bermuda Bolivia Brazil British Virgin Islands Canada Cayman Islands Chile
Americas Argentina (Banking and finance; Capital markets: Debt; Capital markets: Equity; M&A; Project Bahamas (Financial and corporate) Barbados (Financial and corporate) Bermuda (Financial and corporate)
More informationNOTE. for the Interparliamentary Meeting of the Committee on Budgets
NOTE for the Interparliamentary Meeting of the Committee on Budgets THE ROLE OF THE EU BUDGET TO SUPPORT MEMBER STATES IN ACHIEVING THEIR ECONOMIC OBJECTIVES AS AGREED WITHIN THE FRAMEWORK OF THE EUROPEAN
More informationORD ISIN: DE / CINS CUSIP: D (ADR: / US )
The German Tax Agency (the BZSt) offers an electronic tax relief program (the DTV) designed to facilitate and accelerate German tax reclaims on equities by financial institutions. Acupay provides custodian
More informationGerry Weber International AG
The German Tax Agency (the BZSt) offers an electronic tax relief program (the DTV) designed to facilitate and accelerate German tax reclaims on equities by financial institutions. Acupay provides custodian
More informationReal Estate & Private Equity workshop
Real Estate & Private Equity workshop Moderator: Panelists: Joseph Hendry, Managing Director, Brown Brothers Harriman Gautier Despret, Senior Manager, Ernst & Young Patrick Goebel, Counsel, Allen & Overy
More informationAlbania. Restructuring Public Expenditure to Sustain Growth. Public Expenditure and Institutional Review
Albania Public Expenditure and Institutional Review Restructuring Public Expenditure to Sustain Growth Sector related presentations-social Protection Tirana March 15, 2007 Main messages 1. Total spending
More informationBULGARIAN TRADE WITH EU PRELIMINARY DATA
BULGARIAN TRADE WITH EU PRELIMINARY DATA During the period January - June 2010 the Bulgarian exports to EU increased by 17.4% compared to the corresponding period of the previous year and amounted to 8
More informationBelgium Country Profile
Belgium Country Profile EU Tax Centre June 2017 Key tax factors for efficient cross-border business and investment involving Belgium EU Member State Double Tax Treaties Yes With: Albania Algeria Argentina
More information