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Challenges for Caribbean Coastal Tourism to be discussed

World Insights: Global corporate tax deal faces tough battle in U S Congress - World News

2021-07-17 05:35:56 GMT2021-07-17 13:35:56(Beijing Time) Xinhua English WASHINGTON, July 16 (Xinhua) While financial leaders of the Group of 20 (G20) major economies have endorsed a deal to overhaul international corporate tax rules, questions remain over the ability of the Biden administration to persuade a deeply divided U.S. Congress to ratify the deal, experts have said. GLOBAL TAX DEAL After many years of discussions and building on the progress made last year, we have achieved a historic agreement on a more stable and fairer international tax architecture, G20 finance ministers and central bank governors said in a communique after a meeting in Venice, Italy last week.

OECD Tax Reform To Impact Only 78 Of 500 Largest Companies: Study

OECD Tax Reform To Impact Only 78 Of 500 Largest Companies: Study Jul 06 2021, 7:33 PM July 06 2021, 8:21 AM July 06 2021, 7:33 PM While the OECD/G-20 tax agreement announced on July 1 is an important reform, it is only a tentative step in that direction, according to a study published by the Oxford University Centre for Business Taxation. 130 countries supported the OECD Inclusive Tax framework that outlines two reforms. The first, to allocate a portion of the profit made by very large multinational enterprises to market countries — that is, countries they ma. While the OECD/G-20 tax agreement announced on July 1 is an important reform, it is only a tentative step in that direction, according to a study published by the Oxford University Centre for Business Taxation.

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