SYDNEY and KUALA LUMPUR, Jun 21 (IPS) – After decades of rejecting international tax cooperation under multilateral auspices, rich countries have finally agreed. But, by insisting on their own terms, progressive corporate income tax remains distant.<\/p>\n

Tax avoidance and evasion by transnational corporations (TNCs) are facilitated by \u2018tax havens<\/a>\u2019 \u2013 jurisdictions with very low \u2018effective\u2019 taxation rates. Intense competition among developing countries to attract foreign direct investment (FDI) makes things worse.<\/p>\n

Read the full story, \u201cOECDs Regressive World Corporate Income Tax Reform\u201d, on globalissues.org<\/a> \u2192<\/p>\n","protected":false},"excerpt":{"rendered":"

SYDNEY and KUALA LUMPUR, Jun 21 (IPS) – After decades of rejecting international tax cooperation under multilateral auspices, rich countries have finally agreed. But, by insisting on their own terms, progressive corporate income tax remains distant. Tax avoidance and evasion by transnational corporations (TNCs) are facilitated by \u2018tax havens\u2019 \u2013 jurisdictions with very low \u2018effective\u2019 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[56],"tags":[],"class_list":["post-3643","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/teachbytes.com\/wp-json\/wp\/v2\/posts\/3643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teachbytes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teachbytes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teachbytes.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/teachbytes.com\/wp-json\/wp\/v2\/comments?post=3643"}],"version-history":[{"count":1,"href":"https:\/\/teachbytes.com\/wp-json\/wp\/v2\/posts\/3643\/revisions"}],"predecessor-version":[{"id":3644,"href":"https:\/\/teachbytes.com\/wp-json\/wp\/v2\/posts\/3643\/revisions\/3644"}],"wp:attachment":[{"href":"https:\/\/teachbytes.com\/wp-json\/wp\/v2\/media?parent=3643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teachbytes.com\/wp-json\/wp\/v2\/categories?post=3643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teachbytes.com\/wp-json\/wp\/v2\/tags?post=3643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}