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Barbados has joined the two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate, bringing to 133 the total number of jurisdictions participating in the agreement.
From the Richmond FedGovernments across the globe recently reached agreement in principle on measures to counter the tax avoidance strategies of multinational corporations-- this post authored by John Mullin
Editor's Note Last week marked six months for the Biden administration and for the narrow Democratic majority in Congress. So it seems an appropriate time for a report card on U.S. Africa policy. And that also means a review of U.S. policies on today's most pressing global issues, on which the negative effects fall disproportionately on Africans on the continent and in the diaspora. This AfricaFocus Bulletin is my version of such a report card. It's short, just pass/fail. It's not an essay, nor is it an argument to persuade others that mine is correct. Bottom line, theres no doubt that Bide...
Global reform July 27, 2021 Reform is a never-ending task. There is no starting point, and no finish line. It is just a continuous process of being better. After years of rigorous work and engagement, on July 1, 2021 the world came together, and agreed to a momentous tax agreement – one that advances the global community closer to reforming the international tax architecture rather swiftly. An agreement now signed by 132 countries, representing more than 90 percent of global Gross Domestic Product, to reform international corporate taxation. It is not often that a universal near-consensus...
To print this article, all you need is to be registered or login on Mondaq.com. July 1, 2021: Following consultation with key stakeholders and leaders of industry associations, the Government of The Bahamas has expressed its support, for the proposals of the G20/OECD Inclusive Framework on Base Erosion and Profit Shifting to reform the global taxation system. These proposals and the accompanying rules for international taxation are geared at addressing the tax challenges arising from the digitalization of the global economy. The government has at the same time lodged r...