Archive for September, 2014

OECD Releases First BEPS Recommendations

 
The OECD released its first recommendations for a co-ordinated international approach to combat tax avoidance by multinational enterprises.
 
The recommendations, under the OECD/G20 Base Erosion and Profit Shifting Project, are designed to create a single set of international tax rules to end the erosion of tax bases and the artificial shifting of profits to jurisdictions to avoid paying tax.
 
The first 7 elements of the Action Plan released today focus on helping countries to:
 Please find more here.

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China to Become World’s Largest Economy in 2024

 
According to a Report from IHS Economics, China will become the world’s largest economy in 2024.
 
IHS is a global information company with world-class experts in the pivotal areas shaping today’s business landscape: energy, economics, geopolitical risk, sustainability and supply chain management.
 
Read more about here.
 

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