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New Oxfam report highlights flaws in Tax Reform Led by OECD
May 6th, 2014
oxfamInternational aid organization, Oxfam, released a new report last Thursday claiming there are a number of flaws with the Organization for Economic Co-Operation and Development's (OECD) plan to implement global tax reforms. The project, known as the Action Plan on Base Erosion and Profit Shifting (BEPS), attempts to address profit shifting, a process in which corporations move profits to subsidiaries in low-tax jurisdictions to avoid paying taxes where the profits were actually generated. Often, the countries in which the real profits were made are developing countries with higher corporate...
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Nine French Regional Councils Ask for Country-by-Country Reporting from Financial Partners
August 4th, 2011
The nine regional councils will ask for country by country reports from their banks and insurers. This will include the following details: Name and number of subsidiaries; numbers of staff employed; profits and amounts of taxes paid. This information should be provided by the company six months after its annual report is published. This information is invaluable in calculating whether a company is paying its fair share of tax in each country. The precedent this sets is very important as the EU is currently considering introducing country by county reporting. The Comite Catholique Contre La Faim et Pour Le...
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