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PARIS, France (Reuters) – About 70 countries on Wednesday (June 7) launched a new international tax convention to prevent multinational companies from “treaty shopping” for jurisdictions most favorable to their tax bills. Ministers from major economies signed the new tax pact at the Organization for Economic Cooperation and Development (OECD) in Paris, which said more countries were likely to join in the coming weeks. The new agreement will replace more than 1,100 bilateral tax treaties, […]
NEW YORK, United States (AFP) — The global stock rally showed signs of petering out Thursday as oil prices stagnated and analysts expressed worry that another bout of selling could be imminent. After three straight days of solid gains, US stocks closed lower, with the Nasdaq down the most at 1.0 percent. London also lost 1.0 percent with metals and oil equities falling sharply after Wednesday’s bounce. Frankfurt gained 0.9 percent, while Paris edged up […]
The head of Paris-based Organization for Economic Cooperation and Development or OECD cancelled his trip for APEC meet following the attacks in Paris. OECD Secretary-General Ángel Gurría José, a Mexican diplomat and economist, was supposed to take part in the APEC CEO Summit, where he was earlier announced as a panelist at the session titled “What is the next horizon for Asia-Pacific Trade?” tomorrow, November 17. In an advisory on its website, the OECD said […]
