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October 23, 2020

CPB World Trade Monitor August 2020

Figure

Rebound in world trade continues. In August 2020 world trade grew again, by 2.5%, compared to July 2020.

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October 23, 2020

Rebound in world trade continues

Pressrelease

In August 2020 world trade grew again by 2.5% compared to July 2020. This is less than the growth in July, which was 5.0% compared to June. In total, world trade is now 3 to 4% below the pre-corona level. Europe shows a strong export growth of 4.0%. Japanese exports are also growing strongly by 6.6%, while imports continue to fall (-2.1%). The growth of exports of the United States and China are average at 2.5% and 2.3% respectively; imports shows a similar growth with 2.3% and 3.4% respectively.

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October 12, 2020

Offshore Tax Evasion and Wealth Inequality: Evidence from a Tax Amnesty in the Netherlands

Publication

As long as there have been taxes, people have tried to avoid and evade them. Interest in these phenomena has been fueled by the effects on public revenues, as well as on the distribution of wealth and income. One prominent example of tax evasion is the hiding of wealth and income in tax havens. According to estimates by Zucman (2013), 8% of global financial wealth, or $5.9 trillion, is held in tax havens. During the global financial crisis of the late 2000s, the G20 countries vowed to tackle offshore tax evasion and proclaimed the end of the “era of banking secrecy”. In recent years, leaks containing confidential information from financial institutions as well as academic research investigating leaks and tax amnesties have confirmed the popular narrative that tax evasion is concentrated among the wealthiest in society (Alstadsæter, Johannesen and Zucman, 2018, 2019). This does not only affect public revenues, but also the measurement of wealth and income inequality.

October 6, 2020

Nederlandse bedrijven kwetsbaar voor nieuwe coronagolf in buitenland

Publication (in Dutch only)

Nederlandse transportsector en industrie kwetsbaar voor nieuwe coronagolf buitenland.

October 6, 2020

Nederlandse transportsector en industrie kwetsbaar voor nieuwe coronagolf buitenland

Pressrelease (in Dutch only)

Een wereldwijde opleving van het coronavirus en mogelijke bijbehorende buitenlandse lockdownmaatregelen zullen Nederlandse bedrijven in de transportsector en de industrie hard raken. Dat blijkt uit onderzoek van het Centraal Planbureau en het Centraal Bureau voor de Statistiek. De omzet in deze sectoren is sterk afhankelijk van de wereldwijde exportvraag. In tegenstelling tot de Nederlandse dienstensector die vooral wordt getroffen door de binnenlandse maatregelen, worden transportbedrijven en de industrie juist geraakt door maatregelen in andere landen en terugval in de wereldhandel. Nieuwe lockdowns in het buitenland hebben daarom grote economische gevolgen voor deze sectoren.

October 1, 2020

Dutch tax treaties and developing countries - a network analysis -

Publication

CPB analyses six tax treaties of the Netherlands with developing countries. These treaties are part of a tax network of more than 100 countries. CPB determines the tax burden on dividend, interest and royalty flows over the network and computes the impact of diversion of these flows for withholding tax revenues. This analysis is at the request of the Policy and Operations Evaluation Department (IOB) of the Ministry of Foreign Affairs.

September 25, 2020

CPB World Trade Monitor July 2020

Figure

The rebound in world trade continues, the volume of world trade increased 4.8% in July.

September 25, 2020

Rebound in world trade continues

Pressrelease

The rebound in world trade continues. The CPB World Trade Monitor shows that the volume of world trade increased 4.8% in July. This is somewhat less than in June, when world trade grew with 7,9% compared with May. The rebound arises from the fact that in a lot of countries lockdown measures have been lifted. In the eurozone, exports grew 5.9%, while imports grew 4.1%. Striking is the recovery in the US, where both imports and exports grew with roughly 11%. Chinese exports also made a huge jump (+9.5%), while Chinese imports rose with just 0.5%. Also in other advanced economies the rebound continues. Despite these promising figures, world trade has not yet recovered to pre COVID-19 outbreak levels.

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August 25, 2020

CPB World Trade Monitor June 2020

Figure

World trade rebounds in June with a strong catch-up growth of 7.6% compared to May.

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August 25, 2020

A rebound in world trade

Pressrelease

World trade rebounds in June with a strong catch-up growth of 7.6% compared to May. There was growth in almost all countries, except in Japan, where imports fell even further (-2.6%). Also in China and Eastern-Europe there is a fallback in exports, and in Africa and the Middle East imports and exports fell somewhat further. This brings the fall in world trade in the second quarter of 2020 to -12.5%, on top of the -2.7% in the first quarter. Industrial production also continues to recover, with 4.8% growth in June (compared to May). With this, global production is still 8% lower than at the end of last year.

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