Search Results for: OECD
31 countries sign tax co-operation agreement to enable automatic sharing of country by country information
January 28th, 2016
A boost to transparency in international tax matters: 31 countries sign tax co-operation agreement to enable automatic sharing of country by country information As part of continuing efforts to boost transparency by multinational enterprises (MNEs), 31 countries signed today ...
Which country is the World’s Favorite New Tax Haven?
January 28th, 2016
The World’s Favorite New Tax Haven Is the United States Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business. Last September, at a law firm overlooking San Francisco Bay, Andrew ...
EU says to monitor, not regulate ‘hyped’ virtual currencies
January 26th, 2016
The European Union will monitor rather than regulate “hyped” virtual currencies for now, because too little is known to justify new rules beyond reining in specific risks like money-laundering, the body’s executive said on Monday. The world’s 600 virtual ...
Global Stocks Enter Bear Market: One-Fifth Of All Worldwide Stock Market Wealth Is Already Gone
January 25th, 2016
It’s official – global stocks have entered a bear market. On Wednesday, we learned that the MSCI All-Country World Index has fallen a total of more than 20 percent from the peak of the market. So that means that ...
Google tax deal labelled ‘derisory’, as criticism grows
January 25th, 2016
An agreement for US firm Google to pay £130m in UK back taxes has been labelled as “derisory” and a “sweetheart deal” by critics. The payment covers money owed since 2005 and follows a six-year inquiry by Her Majesty’s ...
Oil falls 2-3 percent on surplus worries, as U.S. drops toward $27
January 20th, 2016
Crude futures slumped again in Asian trade on Wednesday, with U.S. oil droppping more than 3 percent toward $27 a barrel and its lowest since 2003, on worries about global oversupply. That came after the International Energy Agency, which ...
2016: year of corporate tax reform and fiscal transparency, Moscovici tells MEPs
January 13th, 2016
2016 should be the year of corporate tax reform and fiscal transparency, tax Commissioner Pierre Moscovici told MEPs from the Special Committee on Tax Rulings and the Economic and Monetary Affairs Committee at a hearing on Monday evening. “We ...
BVI Removed From French ‘Blacklist’
December 28th, 2015
The British Virgin Islands (BVI) has been removed from France’s list of non-cooperative tax jurisdictions as a result of greater cooperation between the jurisdictions. The BVI said it had responded to almost all of France‘s requests for information to ...
KPMG UK announces 2.6% growth in revenues to £1.96bn
December 18th, 2015
The firm invested almost £200m in acquisitions, property and staff training Tax and audit were the firm’s highest earning services The firm, its partners and employees paid £786m in taxes KPMG, the professional services firm providing audit, tax and ...
ECOFIN: Main results on Tax Rulings
December 9th, 2015
The Council took a number of decisions on corporate taxation. It adopted a directive on cross-border tax rulings, which will improve transparency on tax rulings given by member states to companies about how taxation will be dealt with. Pierre Gramegna, ...
