Countries representing most of the global GDP have agreed to a minimum 15 percent tax on multinationals but the deal falls short of addressing concerns of the developing nations.
Cash-strapped governments are leaning toward a new regulatory regime in the wake of pandemic relief efforts.
Leaked documents revealed that the daughter of Angola's former president Isabel dos Santos made her fortune through corruption and exploiting her own country’s natural resources.
Fight to make tech giants pay their fair share of tax threatens to trigger trade war between the the US and European Union.
A new study has found that hundreds of billions of dollars in corporate profits land in low-tax jurisdiction territories despite an international crackdown.
Trillions of dollars in international investments by large corporations is nothing more than accounting gimmickry.
The European Union expanded its tax haven blacklist by 10 countries, adding the United Arab Emirates and Bermuda despite the objections of powerful member states.
Under the plan, companies including Google and Facebook with significant digital revenues in Europe will pay a 3 percent tax of their turnover on various online services in the EU, generating an estimated $6.1 billion a year.
The decision, which will see Panama being among the eight, has not been universally welcomed, with some saying that the credibility of such a blacklist has been damaged barely months after it was created.
Enforcement remains the biggest challenge, with EU countries split over whether blacklisted countries should be subject to financial sanctions or if featuring on the list itself is shame enough.
The British driver says he's not distracted by Paradise Papers allegations and is focused on winning this weekend's Brazilian Grand Prix.
The leaks, which shed further light on how the global elite manages its money after the Panama Papers and LuxLeaks scandal, were centre-stage at Tuesday's meeting of EU finance ministers in Brussels.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2022 TRT World.