Trends - OECD - Business Recorder

Opinion

Countering corrupt practices

Corporations around the world use bribery and demonstrate other unethical behaviours to generate business from local...

Published 30 Jul, 2021 05:10am

Print

Oil demand surges: IEA

PARIS: Oil demand surged last month as rising vaccination rates helped underpin robust economic activity, but with...

Updated 14 Jul, 2021 08:04am

Markets

US's Yellen says tax changes for large firms may not be ready until 2022

Yellen told a news conference after a G20 finance leaders meeting in Venice in Italy that the OECD

Published 11 Jul, 2021 01:49pm

Opinion

Winners and losers from minimum tax on multinationals

G20 finance ministers meeting in Italy will discuss a reform of taxation on multinational firms that is meant to ...

Published 10 Jul, 2021 03:42am

Business & Finance

Tax reform tops agenda as G20 finance chiefs meet in Venice

The G20 is expected to give its political endorsement to plans for new rules on where and how much companies are taxed which were backed last week by 130 countries

Published 09 Jul, 2021 10:26am

Pakistan

IoT service: PTA drafts Licensing Framework

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has drafted Licensing Framework for Terrestrial Internet ...

Published 08 Jul, 2021 04:22am

Opinion

Winners and losers from minimum tax on multinationals

G20 finances ministers meeting in Italy are to discuss a reform of taxation on multinational firms that is meant to...

Published 08 Jul, 2021 04:22am

Business & Finance

Global tax reform plan goes to the G20

On the face of it, the Group of 20 -- the world's 19 biggest economies plus the European Union

Published 07 Jul, 2021 09:37am

Business & Finance

Global minimum tax deal: what you need to know

The proposed reform is comprised of two pillars to prevent companies from establishing bases in countries with low taxes to maximise profits earned elsewhere

Published 07 Jul, 2021 09:35am

Business & Finance

Global tax deal backed by 130 nations

The Organization for Economic Co-operation and Development said in a statement that global companies

Published 02 Jul, 2021 09:44am

Print

Global tax deal backed by 130 nations

PARIS: A total of 130 countries have agreed a global tax reform ensuring that multinationals pay their fair share...

Published 02 Jul, 2021 04:19am

Business & Finance

Countries back global minimum corporate tax of 15%

"A detailed implementation plan together with remaining issues will be finalised by October 2021," read a statement signed by 130 out of 139 countries and jurisdictions involved in the negotiations.
It added that new rules on where the biggest multinationals are taxed would see taxing rights on more than $100 billion of profits shifted to countries where the profits are earned.

Published 01 Jul, 2021 09:29pm

World

OECD says 130 countries agree global taxation deal

Germany on Thursday hailed the deal as a "colossal step towards tax justice".

Updated 01 Jul, 2021 09:14pm

Business & Finance

G20 to endorse deal on global minimum corporate tax

BRUSSELS: The world's financial leaders will endorse on July 9-10 a deal setting a global minimum corporate tax and...

Published 28 Jun, 2021 04:38am

World

Bargaining over global tax enters key stage

The deal now goes to the Organisation of Economic Co-operation and Development (OECD), which is overseeing two days of talks starting Wednesday to find a consensus among 139 countries.

Published 27 Jun, 2021 03:06pm

World

G20 to endorse OECD deal on global minimum corporate tax

G7 finance ministers agreed backed earlier this month a global minimum tax rate of at least 15% and thresholds for divvying up governments' rights to tax the profits on cross-border commerce.

Published 22 Jun, 2021 03:35pm

Pakistan

Tax reforms announced by G7 to face hurdles: ACCA

KARACHI: New tax policies announced recently by G7 communiqué will face hurdles as the proposals are yet to be...

Published 22 Jun, 2021 04:46am

Print

World economy back at pre-pandemic level: IHS Markit

PARIS: The global economy has surpassed its pre-pandemic peak, data survey firm IHS Markit said Monday, as the...

Published 22 Jun, 2021 04:46am

Business & Finance

Tax or no tax, UAE aims to remain magnet for investors

DUBAI: Tax advantages paired with a life of luxury have long drawn foreigners and multinationals to the UAE, which ...

Published 21 Jun, 2021 03:43am

Business & Finance

Tax or no tax, UAE aims to remain magnet for investors

"But even with the envisioned impact of a minimum global corporate tax, the UAE will remain a relatively low-tax environment."

Published 13 Jun, 2021 10:33am

World

One in 10 Europeans has bought a fake product

MADRID: One in every 10 Europeans has been duped into buying counterfeit products, mostly coming from Asia, a study...

Published 09 Jun, 2021 03:29am

Business & Finance

OECD sees higher world GDP growth but fears 'headwinds'

PARIS: The OECD raised its 2021 global GDP growth forecast Monday, but warned that "too many headwinds persist" as...

Published 01 Jun, 2021 04:59am

Business & Finance

OECD sees higher world GDP growth but fears 'headwinds'

The world economy will expand by 5.8 percent this year, the highest since 1973 and up from a previous estimate of 5.6 percent.

Published 31 May, 2021 05:46pm

World

OECD raises growth forecasts on vaccine rollouts, US stimulus

Buoyed by a multi-trillion-dollar stimulus plan, the US economy was seen growing 6.9% this year, the OECD said, up from a previous forecast of 6.5%. It is expected to expand 3.6% in 2022, down from a 4.0% forecast in March.

Published 31 May, 2021 02:29pm

Markets

US Treasury floats global corporate tax of at least 15%

It proposed the global minimum tax as a way to minimize the impact of a higher US tax rate on the competitiveness of American companies and deter them from shifting operations or profits to lower-tax jurisdictions.

Published 21 May, 2021 02:06pm

Opinion

Helping pandemic-hit developing countries

To help developing countries grappling with the Covid-19 crisis, official donors increased foreign aid to an ...

Published 19 May, 2021 06:00am

Business & Finance

US voices 'concern' at proposed Canadian tax on tech giants

The US representative and the Canadian minister also discussed the protracted litigation over Canadian lumber. Washington believes that this wood is sold below the market price to promote exports.

Published 18 May, 2021 09:57am

World

Chileans vote for body to rewrite dictatorship-era constitution

SANTIAGO: Chileans went to the polls Saturday to elect 155 people who will re-write the country's dictatorship-era...

Updated 16 May, 2021 10:40am

Print

Amazon wins EU court appeal

LUXEMBOURG: Amazon scored a major legal victory on Wednesday when an EU court annulled an order from the bloc's...

Published 13 May, 2021 03:10am

Print

OECD urges hiking succession tax to reverse inequality

PARIS: Rising financial inequality can be tackled and public finances improved at the same time by hiking...

Published 12 May, 2021 04:23am