Your monthly review of latest developments, by Tim Sarson (KPMG).
Covid-19 and its tax impact
Twelve years have passed since the global economic and financial crisis and it looks like Covid-19 is pushing us in a similar direction. There are going to be negative effects (we are already seeing them unfold) on both the demand side and supply side of the economy; changes to working environments and operating procedures; and drops in business investment. All of this is having a dramatic economic impact. We are seeing jurisdictions the world over quickly responding to the coronavirus pandemic via monetary and fiscal policy in an attempt to weather the storm and assist businesses and individuals navigate to safer waters. Let’s firstly take a look at how jurisdictions are reacting from a fiscal perspective.
National responses
The immediate and short-term negative cash-flow impact on businesses...
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Your monthly review of latest developments, by Tim Sarson (KPMG).
Covid-19 and its tax impact
Twelve years have passed since the global economic and financial crisis and it looks like Covid-19 is pushing us in a similar direction. There are going to be negative effects (we are already seeing them unfold) on both the demand side and supply side of the economy; changes to working environments and operating procedures; and drops in business investment. All of this is having a dramatic economic impact. We are seeing jurisdictions the world over quickly responding to the coronavirus pandemic via monetary and fiscal policy in an attempt to weather the storm and assist businesses and individuals navigate to safer waters. Let’s firstly take a look at how jurisdictions are reacting from a fiscal perspective.
National responses
The immediate and short-term negative cash-flow impact on businesses...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
