While the Administration Biden and the world’s governments celebrate another move toward a historic global tax deal, a dark legal issue in USA threatens to tear it apart. At a Congressional committee hearing last month, Republican Sen. Pat Toomey, who opposes the deal, told the Secretary of the Treasury, Janet Yellen, that a key part […]
Tag: OECD
Challenge towards OECD: advance tax axis and competition
The President of the Republic, Pedro Castillo, pointed out that Peru remains firm in its aspiration to become a member of the Organization for Economic Cooperation and Development (OECD). Through a letter sent to the Secretary General of the OECD, Mathias Cormann, the president expressed his commitment to continue implementing public policies that improve the […]
Castillo confirms Peru’s aspiration to join the OECD
President Pedro Castillo issued a letter to the Secretary General of the Organization for Economic Cooperation and Development (OECD), Mathias Cormann, with the aim of ratifying the aspiration of our country to join as a member of the body based in Paris, reported the Minister of Foreign Affairs. “President Pedro Castillo sent a letter to […]
OECD report: 22 million more unemployed due to corona pandemic
The coronavirus pandemic has worse consequences for the labor market than the 2008 financial crisis. Women, young people and low-wage earners are hardest hit. This emerges from the OECD report on labor markets, which has now been published in Paris. 22 million fewer jobs In the 38 OECD countries, the 2020 corona crisis cost 22 […]
Large corporations should pay: OECD countries agree on a global minimum tax
130 countries have agreed on a global minimum tax for international companies. This was announced by the Organization for Economic Cooperation and Development (OECD). The signatories together accounted for more than 90 percent of global economic output, the OECD continued. Only nine member states did not want to implement the regulation. Companies should therefore pay […]
Minimum tax for corporations: Ireland, Hungary and Estonia do not participate
Three EU member states have not signed the international agreement reached on Thursday to introduce a minimum corporate tax rate of 15 percent. The EU Commission hopes to persuade the three objectors Ireland, Hungary and Estonia to do so through negotiations. Ireland’s hesitation is understandable, as it has created an attractive tax framework to attract […]