Tag Archives: OECD

Multinationals & Global Taxation — Avoidance or Evasion? — Let’s Get Real.

     Taxation and trade are intricately related. More effective taxation of cross-border transactions of multinational corporations is necessary to ensure growth of global trade and national economic  development.     The recent Congressional hearings concerning Caterpillar and its Swiss subsidiary, once again, raises this issue of … Continue reading

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Global Corporate Taxation & Multinational Corporations — A Big Step for Reform in Moscow. (Not Really that Big.)

      Taxation and trade are intricately related. More effective taxation of cross-border transactions of multinational corporations is necessary to ensure growth of global trade and economic development. Here are some major points enunciated by the G-20 finance ministers in Moscow this week concerning global … Continue reading

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10 BROAD & DIVERSE TRADE UPDATES — Russian Sanctions, FATCA, Alien Tort Statute, FDI Report, Cyberespionage, Foreign Banks, MNC Tax, New USTR.

     A broad range of new trade actions from both the U.S. and EU have shown renewed interest in attacking long-standing problems and some newer ones. This has been driven in part by the continued global economic slowdown and renewed … Continue reading

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Currency Wars and Multinational Tax Evasion — Time for Real Action.

The final communique by the G-20 in Moscow implicitly addressed Japan’s recent monetary policies and quantitative easing in the U.S. The G-20 proclaimed the need for global market forces to set exchange rates. It called for resisting monetary policies that can result in … Continue reading

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Trade Taxation and Trade Statistics — Both Need an Upgrade.

          Due to rapid advances in trade spurred on by globalization, the information technology revolution, and by pressures unleashed by the 2008 global financial crisis,  discussions on reforming global trade taxation and traditional trade statistics are now significantly increasing, rapidly. …..  There is … Continue reading

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Tax Havens, Foreign Corruption and Bank Secrecy — One Big Global Problem — Better U.S. Corporate Oversight Needed.

Recent developments concerning disclosure of Apple’s alleged sheltering of $7 trillion dollars in offshore tax havens and Wal-Mart’s foreign bribery scandal in Mexico raise three inter-related issues: tax havens, foreign corruption, and offshore banking secrecy. Together these issues  feed into grave global … Continue reading

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The Fight over International Taxation of Multinational Corporations is Just Starting.

The I.R.S. is increasingly targeting cross-border bank transactions worth billions of dollars. The I.R.S. has increasingly denied foreign tax credits to U.S. multinational firms. These developments need to be assessed within the context of the global financial crisis of 2008, … Continue reading

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