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OECD Proposes Reforms to Increase Tax Contribution of Top Earners

OECD Proposes Reforms to Increase Tax Contribution of Top Earners

June 22, 2014 1:24 am

OECD (Organization for Economic Co-operation and Development) has released a report previewing the growing income disparity between the world’s top earners and the rest of the population , and has proposed tax reforms which governments can make to keep up with the trend. Tax reforms in almost all OECD countries over the last 30 years […]

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OECD Issues Latest Tax Transparency

OECD Issues Latest Tax Transparency

June 22, 2014 1:24 am

OECD’s ( Organization for Economic Co-operation and Development) Global Forum on Transparency and Exchange of Information for Tax Purposes has issued 12 new report that preview the action being taken by jurisdictions in implementing the organization’s international standard of information exchange upon request. The OECD has undertaken the publishing of four new Phase One reports, […]

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Highlight of the main provisions of the new version of the draft law on deoffshorization modified by the Ministry of Finance of Russian Federation based on the results of the public discussion

Russia: New version of the deoffshorization draft law

June 22, 2014 1:23 am

May 2014 Moscow: The Ministry of Finance of Russian Federation has undertaken the preparation of a new version of the deoffshorization draft law to be presented to the RF Government (herein after the draft law).The draft law makes an introduction into the RF Tax Code guidelines on the taxation of CFCs (Controlled Foreign Companies), Tax […]

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UAE economy set for a sustainable boom

UAE economy set for a sustainable boom

June 22, 2014 1:22 am

Solid fundamentals and non oil sectors are the main driving force behind GDP growth, according to statistics from the Institute of International Finance. Dubai: The UAE economy recorded a 4.7% growth in 2013, the highest since 2006 (9.9%), aided by increased oil production and strong recovery in domestic demand. This growth trend is set to […]

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