Tag: OECD
14 Results
-
OECD develops new global crypto asset reporting framework
The Organisation for Economic Co-operation and Development (OECD) has developed a new global tax transparency framework for reporting and exchange of information related to crypto assets.
October 11, 2022 -
Comptroller’s combat~II
As per the fraud triangle, where there is a lapse of control, there is a tendency to exploit the ineffective control environment by people who are within the organization and who collude with external agencies. Robust internal control systems and procedures with segregation of powers under effective supervision, monitoring, whistleblowing system can go a long way in reducing corruption.
April 10, 2019 -
WTO’s road from Delhi
Trade ministers and senior officials, who met in New Delhi on 19-20 March, defended the role of the World Trade Organisation (WTO) both as an arbiter of trade disputes as well as for setting the rules of the road towards the multilateral trading system. The officials also discussed the possible steps for negotiations at the...
March 30, 2018 -
Protocol amending accord between India, China for DTAA approved
The Cabinet on Wednesday accorded approval to the protocol amending the agreement between India and China for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, an official said here. The protocol amending Double Taxation Avoidance Agreement (DTAA) aims to update the provisions on exchange of information...
February 8, 2018 -
‘Couldn’t get day care – Die Japan!’
Prime Minister Shinzo Abe, in his address to the Diet upon being re-elected to the office on 1 November, emphasised that one of the urgent tasks facing his Cabinet is tackling the low birth rate. To address this issue, he proposed boosting day care capacity enough to handle 320,000 more children, thereby reducing the national...
December 22, 2017 -
Brics nations play key role in global economy: OECD
The Brics countries will continue to play a key role in the global economy although they reported slower growth in recent years, said an expert with the Paris-based Organisation for Economic Cooperation and Development (OECD). Federico Bonaglia, deputy director of OECD Development Centre, told Xinhua news agency that slowdown in the growth of the Brics...
August 1, 2017 -
No low-hanging fruit at Buenos Aires
The new US trade representative, Ambassador Robert Lightizer has described India as “a valuable, strategic and economic partner”, underlining the importance of India as a major “player” in shaping the trade agenda at the World Trade Organisation (WTO). Commerce Minister Nirmala Sitharaman during a brief one-on-one meeting with Lightizer on the sidelines of the Organisation...
July 6, 2017 -
Black money: Switzerland ratifies auto info sharing with India
Switzerland on Friday ratified automatic exchange of financial account information with India and 40 other jurisdictions to facilitate immediate sharing of details about suspected black money, even as it sought strict adherence to confidentiality and data security. Adopting the dispatch on introduction of the AEOI, a global convention for automatic information exchange on tax matters,...
June 16, 2017 -
India signs OECD pact to check tax evasion by MNCs
India on signed the OECD multilateral convention that aims to check cross-border tax evasion by multinational companies. Union Finance Minister Arun Jaitley signed the multilateral convention in Paris to implement tax treaty- related measures to prevent base erosion and profit shifting. More than 65 countries, including India, signed the convention. More countries are expected to...
June 8, 2017 -
Jaitley to visit Paris next week, sign OECD pact on tax evasion
Finance Minister Arun Jaitley will travel to Paris next week to sign the OECD multilateral convention that aims to check crossborder tax evasion by multinational companies. During his three-day visit beginning 7 June, Jaitley will also attend the OECD Ministerial Council meeting, in which ministers from the OECD and partner countries will discuss issues of global...
May 29, 2017 -
Climate action will boost economic output: OECD
Tagging the growth and climate agenda together, rather than treating climate as a separate issue, could lift 2050 economic output by up to 2.8 percent, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday. If the economic benefits of avoiding climate change impacts — such as flooding or storms — are factored in,...
May 23, 2017 -
Japan urged to tackle ‘sky-high’ government debt
The Organisation for Economic Cooperation and Development (OECD) on Thursday urged Japan to focus on its sky-high government debt if the world's third largest economy wants to ensure its future prosperity. The latest OECD Economic Survey of Japan encourages reforms in order to increase labour force participation and create more "regular" jobs, especially for women,...
April 13, 2017 -
IMF, WTO, OECD vow to defend free trade against protectionism
The chiefs of the IMF, WTO and OECD vowed on April 10 in a joint statement to defend free trade against creeping protectionist trends, amid growing global alarm over US President Donald Trump's “America First” call. “Disappointing trade growth figures and the danger of increasing protectionist tendencies give us a clear incentive to support the...
April 11, 2017 -
India’s GDP to grow 7% this fiscal, rebound later: OECD
Predicting India’s Gross Domestic Product (GDP) growth, the Organisation for Economic Cooperation and Development (OECD) on Tuesday said the economy will grow at seven per cent for the current fiscal and the demonetisation drive may have impacted the short-term growth. “Note ban may have impacted short-term growth but long-term effects would include important gains going...
February 28, 2017