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The terms of reference for a United Nations global tax convention should guide the decision-making of a committee that will negotiate substantive provisions at a later date even though some governments prefer to defer debate on the decision-making procedures to the General Assembly, several OECD government representatives said Monday.
Carbon taxes don't force countries to sacrifice economic competitiveness when governments use the revenue to avoid raising corporate income taxes, a World Bank expert said during a United Nations panel on taxation's role in fighting climate change.
Losses from Adani Group's seven listed companies reached nearly $100 billion Thursday after a short-seller's report preceded a market thrashing of the Indian multinational conglomerate, which canceled a $2.5 billion stock sale Wednesday for its flagship, Adani Enterprises.
Canada's plan to begin a digital services tax unless an OECD alternative takes effect could discriminate against U.S. streaming services and online news, U.S. Trade Representative Katherine Tai said after meeting with her Canadian counterpart.
Credit Suisse has agreed to pay €238 million ($235 million) to the French government to settle possible charges of aggravated tax fraud laundering and illegal solicitation of clients, the country's National Financial Prosecutor's Office confirmed to Law360 on Monday.