Experts say Irish economy can survive OECD tax reforms rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
In 2013, soon after those scandals of a decade ago, the OECD group of wealthy countries started a review with the snore-inducing name “base erosion and profit shifting” (or BEPS to those in the know). The idea was to create a new international agreement that would end the corporate tax “race to the bottom”. It failed to do this.
Instead, the current agreement was reached because countries started to go it alone and introduce digital taxes on some of the tech giants. These companies are based in the US, and the Biden administration made no secret that it was unhappy about these taxes, threatening tariffs in retaliation. The deal announced at the G7 includes an agreement that countries will remove such digital taxes.
Good morning Leaders at the G7 summit – which kicks off in Carbis Bay, Cornwall, England, on Friday – will call for a fresh World Health Organization inquiry into the origins of Covid-19, a leaked draft communique suggests. Led by the Joe Biden administration, the call comes after the president last month expanded the US investigation into the virus’s origins, with one intelligence agency leaning towards the theory that it came from a laboratory.
Carnegie Endowment for International Peace
Source: Getty
Summary: Many African countries have placed economic diversification high on the policy agenda, yet they first need to define what it means in their specific structural and socioeconomic contexts.
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Summary
For decades, economic diversification has been a policy priority for low- and middle-income economies. In the words of former managing director of the International Monetary Fund (IMF), Christine Lagarde, “We know that economic diversification is good for growth. Diversification is also tremendously important for resilience.” Unfortunately, this goal continues to elude many African countries. In fact, the continent is home to eight of the world’s fifteen least economically diversified countries. This reality weakens the foundation of their economic transfomation and slows their pace of progress. It also makes these countries part
Carnegie Endowment for International Peace
Source: Getty
Summary: Many African countries have placed economic diversification high on the policy agenda, yet they first need to define what it means in their specific structural and socioeconomic contexts.
Related Media and Tools
If you enjoyed reading this, subscribe for more!
Thank you!
Summary
For decades, economic diversification has been a policy priority for low- and middle-income economies. In the words of former managing director of the International Monetary Fund (IMF), Christine Lagarde, “We know that economic diversification is good for growth. Diversification is also tremendously important for resilience.” Unfortunately, this goal continues to elude many African countries. In fact, the continent is home to eight of the world’s fifteen least economically diversified countries. This reality weakens the foundation of their economic transfomation and slows their pace of progress. It also makes these countries part