WASHINGTON: The United States has resolved a key point of trade friction with Europe after inking a deal to end...

PARIS: Several OECD nations including Britain, Japan and the United States have agreed to halt government-supported...

PARIS: Several OECD nations including Britain, Japan and the United States have agreed to halt government-supported...

LONDON: Oil prices jumped to a three-year high above $85 a barrel on Friday, on forecasts of a supply deficit over...

For a better part of last decade, leading Western scholars have been trying to understand the root-cause behind the...

Japan's stock market has surged and luxury cars are selling fast in Tokyo after eight years of economic stimulus...

PARIS: French President Emmanuel Macron on Saturday hailed the "historic" agreement of 136 countries on setting a...

• Out of the 140 countries involved, 136 supported the deal with developing countries Kenya, Nigeria, Pakistan and Sri Lanka abstaining for now

• The agreement will set a minimum corporate tax rate of 15% and let governments tax a greater share of foreign multinationals' profits

The world, including developing countries where food inflation is particularly on the higher side, is facing...

PARIS: The OECD warned Tuesday of an “uneven” global economic recovery as it lowered its 2021 growth forecasts...

ISLAMABAD: The Federal Board of Revenue (FBR) has entered into 66 double taxation agreements with foreign tax...

PARIS: The OECD warned Tuesday of an "uneven" global economic recovery as it lowered its 2021 growth forecasts for...

NEW YORK: Oil prices edged lower on Wednesday after OPEC and its allies agreed to stick to their existing policy of...

DUBAI/LONDON: The OPEC+ joint technical committee (JTC) expects the oil market to remain in a 0.9 million barrel per...

• Australia's glacial vaccine rollout has been one of the slowest in the OECD

One of the major initiatives of the new administration at the Capitol Hill in Washington is Joe Biden's...

Corporations around the world use bribery and demonstrate other unethical behaviours to generate business from local...

PARIS: Oil demand surged last month as rising vaccination rates helped underpin robust economic activity, but with...

• Yellen told a news conference after a G20 finance leaders meeting in Venice in Italy that the OECD

G20 finance ministers meeting in Italy will discuss a reform of taxation on multinational firms that is meant to ...

• The G20 is expected to give its political endorsement to plans for new rules on where and how much companies are taxed which were backed last week by 130 countries

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has drafted Licensing Framework for Terrestrial Internet ...

G20 finances ministers meeting in Italy are to discuss a reform of taxation on multinational firms that is meant to...

• On the face of it, the Group of 20 -- the world's 19 biggest economies plus the European Union

• The proposed reform is comprised of two pillars to prevent companies from establishing bases in countries with low taxes to maximise profits earned elsewhere

• The Organization for Economic Co-operation and Development said in a statement that global companies

PARIS: A total of 130 countries have agreed a global tax reform ensuring that multinationals pay their fair share...

• "A detailed implementation plan together with remaining issues will be finalised by October 2021," read a statement signed by 130 out of 139 countries and jurisdictions involved in the negotiations.
• It added that new rules on where the biggest multinationals are taxed would see taxing rights on more than $100 billion of profits shifted to countries where the profits are earned.

• Germany on Thursday hailed the deal as a "colossal step towards tax justice".