Omicron might push inflation, says OECD

Omicron might push inflation, says OECD

By Christy Gren - Dec 03, 2021

The latest Coronavirus variant, Omicron, which is believed to be more transmissible and severe, might derail growth and recovery and raise costs, according to the Organization for

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Amazon, Facebook and Google to cough up a 15% minimum global tax rate

Amazon, Facebook and Google to cough up a 15% minimum global tax rate

By Christy Gren - Oct 09, 2021

More than 130 nations agreed on Friday (Oct. 8) to set a new minimum tax rate for companies around the world. The global corporate tax rate is an attempt to deter tax avoidance by

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Digital tax law stand-off between US and EU set to escalate

Digital tax law stand-off between US and EU set to escalate

By Anna Domanska - Feb 19, 2021

The US government has consistently rebuffed efforts by any country to tax the big tech companies like Amazon, Google, Facebook and Alphabet. Governments in France, Italy and the U

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U.S. Trade Department Slams Digital Services Tax

U.S. Trade Department Slams Digital Services Tax

By Anna Domanska - Jan 15, 2021

The U.S. Trade Representative on Thursday said that the Digital Service Taxes (DSTs) in Spain, Austria and the U.K. is unreasonable and discriminatory against American companies. A

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France Demanding Millions in Digital Tax from the Big Techs

France Demanding Millions in Digital Tax from the Big Techs

By Anna Domanska - Nov 25, 2020

Be the first to know about the OECD's Global Tax Reforms along with developments on the Digital Service Tax here at the nation's fastest-growing business magazine, Indust

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Failure to agree on global digital tax reforms could cost $100 billion, OECD warns

Failure to agree on global digital tax reforms could cost $100 billion, OECD warns

By Anna Domanska - Oct 12, 2020

The Organization for Economic Cooperation and Development (OECD) has proposed to rewrite international tax rules which could shed more than 1% of output and trigger a trade war. Th

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OECD revises eurozone growth outlook as Europe poses threat to global economy

OECD revises eurozone growth outlook as Europe poses threat to global economy

By Anna Domanska - May 29, 2013

The OECD, in its newest report, did not present a colorful picture of the eurozone as it cut growth outlook for the 17-state bloc. The Paris-based organization underlined that the

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