The United Nations
The effects of corruption are “detrimental to all of society”, the President of the UN General Assembly said on Wednesday during the first day of a special session convened to galvanize political will to fight the scourge.
“We cannot pretend that there were no issues before the COVID-19 pandemic”, said Volkan Bozkir. “Transnational financial crime and corruption are unfortunately commonplace in our interconnected, interdependent world”.
He said that it affects decision-making processes and “remains one of the most critical challenges for States, institutions, and communities”.
The #UNGASS2021 Political Declaration entitled “Our common commitment to effectively addressing challenges and implementing measures to prevent and combat corruption and strengthen international cooperation” has been adopted #UnitedAgainstCorruptionpic.twitter.com/Q5MlArUG6I
No talks with India until Aug 2019 steps undone: PM Imran
Imran says BJP’s Hindu supremacist ideology being condemned at global level
Prime Minister Imran Khan addressing a live broadcast session on May 11, 2021. SCREENGRAB
ISLAMABAD:
Prime Minister Imran Khan has said that Islamabad will not resume talks with New Delhi until it restores the special status of Indian Illegally Occupied Jammu and Kashmir. Unless India reverts its August 5, 2019 action, Pakistan will not hold talks, Premier Imran said while responding to a caller on ‘Apka Wazir-e-Azam Apke Sath’ programme during which he took telephone calls from citizens.
By repealing Article 370 of the Constitution, people from the rest of India obtained the right to acquire property in IIOJK and settle there permanently.
What Should India s Response Be to the Global Minimum Corporate Tax Debate?
A report suggests that the Indian government is not in favour of the new minimum tax rate â the argument being that the new proposal would not be favourable to the Indian businesses.
Indian statutory corporate tax rates were already slashed from 30% to 22%Â in November 2019. Photo: Reuters
Economy4 hours ago
There seems to be a growing momentum around the world for a transformation of the global tax system, following US treasury secretary Janet Yellenâs comments last week, and various other developments on the international taxation front.
The development of a âglobal minimum corporate tax rateâ â in essence, setting a minimum rate for corporations all over the world to pay regardless of which jurisdiction they are registered in is a welcome idea, exposited by the arguably most important decision-maker in the world economy, secretary Yellen.
The hypocrisy of the OECD, pt. 3
“Each generation must discover its mission, fulfill it or betray it, in relative opacity.” – Frantz Fanon, The Wretched of the Earth
Three weeks ago, in part one of this series, we observed that since 2000, The Bahamas government has enacted numerous pieces of legislation in Parliament that have eroded our offshore financial services sector.
Those developments are the results of a prolonged and sustained assault by the Organization for Economic Cooperation and Development (OECD) on our nation and other competing offshore financial centers.
We noted that the OECD and the European Union (EU) have blacklisted The Bahamas and have continually threatened to blacklist us again if we do not submit to their dictates by amending our financial laws to their satisfaction.