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IMF chief says optimistic for global agreement on corporate income taxation this year

WASHINGTON, May 5: Kristalina Georgieva, managing director of the International Monetary Fund (IMF), said on Tuesday that she's optimistic for a global

United statesJanet yellenKristalina georgievaInternational monetary fundInclusive framework on base erosionOrganization for economic cooperationInclusive frameworkBase erosionProfit shiftingEconomic cooperationSecretary janet yellenஒன்றுபட்டது மாநிலங்களில்சர்வதேச பண நிதிஉள்ளடக்கியது கட்டமைப்பு ஆன் அடித்தளம் அரிப்புஆர்கநைஸேஶந் க்கு பொருளாதார ஒத்துழைப்புஉள்ளடக்கியது கட்டமைப்பு

PHL seeking to adopt international norms on profit shifting

PHL seeking to adopt international norms on profit shifting BusinessWorld 5 hrs ago © Provided by BusinessWorld THE PHILIPPINES is inching towards joining the Inclusive Framework on Base Erosion and Profit Shifting, an international standard that deters transnational companies from exploiting differences in national rules to minimize their tax exposure, the Department of Finance said. “The Philippines is currently making significant progress in our efforts to assess our readiness to join the Inclusive Framework on Base Erosion and Profit Shifting (BEPS),” Undersecretary Antonette C. Tionko said at an Asian Development Bank forum late Monday. “We’ve become more aware of the benefits of joining the BEPS inclusive framework,” she said.

Beatricem laforgaAntonettec tionkoPascal saint amansOrganisation for economicInclusive framework on base erosionInternational frameworkAsian development bankInclusive frameworkBase erosionProfit shiftingEconomic cooperationTax policyபாஸ்கல் துறவி அமன்ஸ்ஆர்கநைஸேஶந் க்கு பொருளாதாரஉள்ளடக்கியது கட்டமைப்பு ஆன் அடித்தளம் அரிப்புசர்வதேச கட்டமைப்பு

COVID-19 pandemic spurs Asia s focus on tax, resource mobilization reform

After spending heavily to support their economies during the COVID-19 pandemic, countries in Asia and the Pacific need to look to tax and financial management reforms to mobilize resources for a sustainable, equitable recovery. “The health crisis offers a unique opportunity for countries to mobilize domestic resources and reshape their tax systems to create more equitable and environmentally sustainable societies for the long term.” Since early 2020 the COVID-19 pandemic, the worst health crisis in a century, has forced governments in Asia and the Pacific to carry out unprecedented 1 levels of spending to try to preserve services, prop up businesses, and protect jobs as economies slumped and tax revenue plummeted.

The philippinesInternational monetary fundInternational tax cooperationWorld bankOrganisation for economic cooperationAsian development bankExchange of informationSustainable development goalsGlobal forum on transparencyEconomic cooperationInclusive frameworkGlobal forumAsia and the pacificOvid 19 pandemicDomestic resource mobilizationInternational tax

ADB Launches Tax Hub to Enhance Domestic Resource Mobilization and International Tax Cooperation

News Release | 3 May 2021 MANILA, PHILIPPINES (3 May 2021) The Asian Development Bank (ADB) today launched an Asia Pacific Tax Hub to create an open and inclusive platform to promote strategic policy dialogue, improve knowledge sharing, and strengthen coordination on tax policy and administration among ADB, its members, and development partners. The hub will maximize regional and international resources to strengthen domestic resource mobilization (DRM) and international tax cooperation (ITC) in ADB’s developing member countries (DMCs). “Domestic resource mobilization has emerged as a major strategic priority for our DMCs at this moment. It will be vital in the effort to address debt sustainability and to achieve the Sustainable Development Goals,” ADB President Masatsugu Asakawa said in a seminar at ADB’s 54th Annual Meeting. “The lack of a pan-regional tax community has been a unique and significant shortcoming for Asia and the Pacific. To address thi

South koreaRepublic of koreaThe philippinesMasatsugu asakawaPascal saint amansInternational monetary fundFinancial services taro asoInternational tax cooperationInclusive framework on base erosionProspects group ayhan koseRevenue authority huey min chiaSustainable development goalsGlobal forum on transparencyWorld bank group acting viceOrganisation for economicSteering committee

Digital Tax: India may oppose Biden govt move to tax only top 100 cos

Digital Tax: India may oppose Biden govt move to tax only top 100 cos
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United stateProfit shiftingInclusive frameworkStandard premium digitalSeamless sign upBusiness standard digitalDebit cardsNet bankingPayment walletsBusiness standardஒன்றுபட்டது நிலைப்ராஃபிட் மாற்றும்உள்ளடக்கியது கட்டமைப்புதடையற்ற அடையாளம் மேலேவணிக தரநிலை டிஜிட்டல்பற்று அட்டைகள்