Attempts to stop some of the world’s biggest companies shifting profits across borders to avoid paying tax are “in peril” following Donald Trump’s definitive win in the US presidential election, experts said.
A global deal inked at the Paris-based OECD in 2021 was expected to raise the tax take from the world’s biggest multinationals by up to $US192 billion a year. Several countries – including EU member states, the UK, Norway, Australia, South Korea, Japan and Canada – partly introduced the pact this year.
The new president of the Central Bank of Brazil has linked the rapid growth of stablecoins with tax evasion and money laundering. He remarked that individuals use these tools for cross-border payments
Kariuki emphasized the necessity of financial innovation and the potential of raising climate finance through carbon markets, urging African countries to seize opportunities for trading carbon credits
On Wednesday, EU regulators were back in the news, with the EU parliament announcing an agreement on crypto anti-money laundering rules. The EU has been actively pursuing a crypto regulatory framework
South Korea has postponed its cryptocurrency trading tax for the third time, following a last-minute agreement between opposing parties just a month before the policy’s scheduled implementation.