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PARIS: The global economy is suffering more than expected from trade tensions and political uncertainty which are clouding prospects particularly in Europe, according to a gloomy report from the Organisation for Economic Cooperation and Development (OECD).
THE Organisation for Economic Cooperation and Development (OECD) defines base erosion and profits shifting (BEPS) as tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity in those locations.
MUMBAI: Indonesia’s government must make it clear to errant taxpayers that an amnesty programme, which has revealed almost US$300bil in undeclared assets, is the last chance to fix their affairs before full penalties are applied, the Organisation for Economic Cooperation and Development said.
Blacklisting of Malaysia by the Organisation for Economic Cooperation and Development (OECD) and G-20 as an uncooperative tax haven is a serious issue and needs to be resolved but the allegation is based on quite a technical point, say Malaysian tax experts.