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May 22, 2019

Release date next CPB World Trade Monitor

Event

The release of the next monthly CPB World Trade Monitor is scheduled for 24 May 2019, 15:00 hours.

April 25, 2019

CPB World Trade Monitor February 2019

Figure

The CPB World Trade Monitor shows that the volume of world trade decreased 1.7% in February, having increased 2.1% in January (initial estimate 2.3%).

March 25, 2019

Release date next CPB World Trade Monitor

Event

The release of the next monthly CPB World Trade Monitor is scheduled tentatively for 25 April 2019, 15:00 hours.

March 25, 2019

CPB World Trade Monitor January 2019

Figure

The CPB World Trade Monitor shows that the volume of world trade increased 2.3% in January, having decreased 2.1% in December (initial estimate -1.7%). Due to the US shutdown, no data on US import/export values in January are available. The 0.0% import/export volume growth for the US is a technical assumption.

March 4, 2019

Release date next CPB World Trade Monitor

Event

The release of the next monthly CPB World Trade Monitor is scheduled tentatively for 25 March 2019, 15:00 hours.

February 25, 2019

CPB World Trade Monitor December 2018

Figure

The CPB World Trade Monitor shows that the volume of world trade decreased 1.7% in December, having decreased 1,8% in November (initial estimate -1.6%), and growth in 2018Q4 was -0.9% (1.3% in 2018Q3). Due to the US shutdown, no data on US import/export values in December are available. The 0.0% import/export volume growth for the US is a technical assumption.

February 19, 2019

Do zero and sign restricted SVARs identify unconventional monetary policy shocks in the euro area?

Publication

This research re-examines the findings of the existing literature on the effects of unconventional monetary policy.

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January 25, 2019

CPB World Trade Monitor November 2018

Figure

The CPB World Trade Monitor shows that the volume of world trade decreased 1.6% in November, having increased 1.2% in October (initial estimate 1.1%). Due to the US shutdown, no data on US import/export values in November are available. The 0.0% import/export volume growth for the US is a technical assumption.

January 24, 2019

Conduit country the Netherlands in the spotlight

Publication

The Netherlands is an important link in the chain of diverting income flows: broader use of withholding taxes is necessary to combat international tax avoidance.

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January 24, 2019

The Netherlands is an important link in the chain of diverting income flows: broader use of withholding taxes is necessary to combat international tax avoidance

Pressrelease

Sixty percent of the royalties that flow via the Netherlands go directly to tax haven Bermuda. Outgoing interest flows are diverted less often to tax havens: around 20 percent. In addition, some 25% of the outgoing interest flows to other conduit countries, such as Ireland, Luxemburg and Switzerland. In addition, a large share of dividends comes from these countries. The conditional withholding tax, planned for 2021, does not stop the financial flows from and to other conduit countries. The reason for this is that the conditional withholding tax only applies to countries with a statutory rate of the corporate income tax of 9 percent or less. That does not include Ireland, Luxemburg and Switzerland.