Trends - OECD - Business Recorder

World

Macron hails global tax agreement as 'major advance'

PARIS: French President Emmanuel Macron on Saturday hailed the "historic" agreement of 136 countries on setting a...

Published 10 Oct, 2021 01:08am

World

Minimum tax rate of 15%: Milestone global corporate tax deal finally gets agreement

Out of the 140 countries involved, 136 supported the deal with developing countries Kenya, Nigeria, Pakistan and Sri Lanka abstaining for now

Updated 08 Oct, 2021 10:44pm

World

Global corporate tax deal nears as holdouts drop objections

The agreement will set a minimum corporate tax rate of 15% and let governments tax a greater share of foreign multinationals' profits

Published 08 Oct, 2021 05:50pm

Opinion

Rising stagflationary concerns

The world, including developing countries where food inflation is particularly on the higher side, is facing...

Published 24 Sep, 2021 04:40am

Print

OECD lowers global, US economic growth forecasts

PARIS: The OECD warned Tuesday of an “uneven” global economic recovery as it lowered its 2021 growth forecasts...

Updated 22 Sep, 2021 09:42am

Business & Finance

Foreign tax jurisdictions: FBR enters into 66 double taxation agreements

ISLAMABAD: The Federal Board of Revenue (FBR) has entered into 66 double taxation agreements with foreign tax...

Published 22 Sep, 2021 03:48am

Business & Finance

OECD lowers global, US economic growth forecasts

PARIS: The OECD warned Tuesday of an "uneven" global economic recovery as it lowered its 2021 growth forecasts for...

Published 21 Sep, 2021 04:21pm

Markets

Oil dips; OPEC+ sticks to gradual output hikes

NEW YORK: Oil prices edged lower on Wednesday after OPEC and its allies agreed to stick to their existing policy of...

Published 01 Sep, 2021 11:27pm

Markets

OPEC+ body expects market to return to surplus in 2022

DUBAI/LONDON: The OPEC+ joint technical committee (JTC) expects the oil market to remain in a 0.9 million barrel per...

Published 01 Sep, 2021 03:59am

World

Sydney hits new Covid case record as outbreak spreads

Australia's glacial vaccine rollout has been one of the slowest in the OECD

Published 10 Aug, 2021 10:15am

Opinion

Biden's minimum corporate rate of 15%: a Pakistani's perspective

One of the major initiatives of the new administration at the Capitol Hill in Washington is Joe Biden's...

Published 04 Aug, 2021 04:14am

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