Trade Winds

06 Nov 2017

Tags

  • Divya Skene
  • Trade Winds

This week’s reading focus on China’s 19th National Congress and the potential economic impact for Australia and the world. Readings also cover international tax trends and their impact on foreign investment.

  • PwC on the business outcomes of China’s 19th National Congress.

  • DFAT Secretary delivered an address this week on how Australia is positioned to engage with China.

  • In Project Syndicate, the President of the Asia Society describes outcomes of the National Congress, including a commitment to a distinct path of ongoing economic growth. This month Asia Society published China Dashboard, which aims to track China’s economic reform program using objective measures across ten key categories.

  • VoxEU discusses the destination-based cash-flow tax (DBCFT) concept. DBCFT has the effect of basing the tax on the location of consumers - rather than on the location of profits, production, or corporate residence.

  • Treasury released a paper on International Trends in Company Tax, with a focus on the role of collective investment vehicles to attract foreign investment.

  • An Intergovernmental Report on Business Investment investigates policy and institutional reasons why non-mining investment has underperformed relative to expectations, in recent years.

  • WEF on the US infrastructure challenge – and how Australia’s approach to planning might help.

  • Improvements in resolving insolvency, paying taxes and dealing with construction permits have helped move Australia up one position to 14th in the World Bank’s Ease of Doing Business Rankings. New Zealand is ranked first, and India has jumped 30 places to enter the top 100.

  • Lowy Interpreter discusses a new Index from the Asian Development Bank, which shows ASEAN leads Asian integration - however the US and EU economies remain important to the economic health of Asia. East Asia Forum on the importance of ASEAN in maintaining the open economic order that has supported East Asian growth.