Policymakers warned of persistent risks as accountancy bodies publish five-year “healthy check” of the global economic recovery
July 21st, 2014
Threats to long term economic stability remain as countries recover from the global economic crisis, according to a five year review of finance professionals’ economic insights. Any recovery may also be limited to just a few “islands of financial ...
G20 must shape a new world trade regime
July 17th, 2014
Over the past decade global trade and investment discussions have moved far away from the formal global trade regime. The multilateral system has been mired in the Doha Development Round — defined by a single undertaking and a fixed ...
World Sets New Oil Production and Consumption Records
July 11th, 2014
Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country level statistics on production and consumption of oil, natural gas, coal, nuclear power ...
US Taxpayers Warn Against Myopic Tax Reform Measures
July 10th, 2014
On July 8, the Taxpayers Protection Alliance (TPA) led a coalition of 13 organizations in sending a letter to the Chairmen and Ranking Members of the House of Representatives Ways and Means Committee and the Senate Finance Committee urging ...
Swiss Lawmakers Revise FATF Bill
June 27th, 2014
The Swiss National Council has adopted a bill to implement the revised Financial Action Task Force Recommendations, albeit with significant modifications that some lawmakers fear could put Switzerland at risk of being placed on the Organization for Economic Cooperation ...
Will Russia’s friendship with China work?
June 6th, 2014
When Russian President Vladimir Putin and his Chinese counterpart Xi Jinping signed a huge gas deal last month, the timing couldn’t have been better. It was on the eve of the Putin’s St Petersburg Forum, and just weeks after ...
How Should We Tax the Digital Economy?
May 29th, 2014
The European Commission has received the final report of the High-level Expert Group on Taxation of the Digital Economy. This independent group was asked to examine key issues related to taxing the digital economy in the EU, and to ...
Corporate tax rates table
May 16th, 2014
The following table indicates all corporate tax rates in percentage for a number of countries worldwide. Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Country % % % % % % % % % % Afghanistan ...
CEOs must act before HMRC’s investigations
April 30th, 2014
The phenomenal pace of international tax transparency initiatives continues to accelerate. Chancellor of the Exchequer, George Osborne, announced at the G5 finance ministers’ meeting this week that agreements for the automatic exchange of information between the UK, France, Germany, ...
Multinationals’ tax affairs “hurting” growth and investment
April 2nd, 2014
RULES designed to protect multinational companies from double taxation are allowing them to either greatly reduce or eliminate their tax rates in many countries, an OECD report to the G20 has found. The study shows multinationals frequently pay rates ...
