Jaitley to visit Paris on June 7, sign OECD convention on tax evasion
The Dollar Business Bureau Finance Minister Arun Jaitley will be travelling to Paris to sign the multilateral convention of Organisation for Economic Cooperation and Development (OECD), next week. The convention is aimed at checking cross-border evasion of taxes by multinational companies (MNCs). During the 3-day visit beginning June 7, the Finance Minister will also join the Ministerial Council Meeting, which will be attended by ministers from OECD countries and other partner countries to deliberate upon issues of global importance. Earlier this month, the Union Cabinet had given the approval for signing the OECD’s multilateral convention. The convention is a result of the base erosion and profit shifting (BEPS) project between OECD and G-20, to tackle what is used by MNCs via tax planning strategies by abusing ...
Chinas slowdown to moderate growth in Emerging Asia
Jayarama Emani | The Dollar Business “Growth in Emerging Asia – South East Asia, China and India – is expected, in general, to remain strong over the medium term as these economies continue to shift from a reliance on exports to a broader base of new growth drivers. The Gross Domestic Product (GDP) growth in the region is forecast to average 6.5% per year over 2015-19”, said the Organisation for Economic Cooperation and Development (OECD) in its report on “Economic Outlook for South East Asia, China and India 2015.” However, the growth in Emerging Asia will moderate gradually due to the slowdown in China. For the 10 ASEAN countries as a whole, growth momentum remains robust and broadly similar ...
