Tag: OECD

The Global Tax System Is Broken. We Can’t Trust Rich Countries to Fix It.

The world is finally recognizing the harms of corporate tax avoidance. But the OECD’s solution to the problem is designed by rich countries, for rich countries. We need an alternative.

Source: The Global Tax System Is Broken. We Can’t Trust Rich Countries to Fix It.

Global milestone as 136 countries agree to abolish tax havens

Matthias Corman doing what he always did in Australia “cutting company taxes” while seeming to raise them then sitting down to share a large  Havanna after the sting. Just full of self-praise a reward for doing nothing yet again. Can some 60 countries now legitimately declare themselves to be Tax Havens because they didn’t sign up tp Corman’s plan?

Out of the 140 countries involved, 136 supported the deal, with Kenya, Nigeria, Pakistan and Sri Lanka abstaining for now.

Source: Global milestone as 136 countries agree to abolish tax havens

Morrison delivers for foreign corporations: Lowest wage rise on record

Australian workers have received all-time low annual wages rise over the financial year just ended, reports Alan Austin. AUSTRALIA HAD ALWAYS rewarded workers with steady wage increases year on year as industrial cooperation and improving productivity have generated ever-rising company profits. That is, until 2013, when the current Coalition Government came to power. In the eight years since then, wage rises have fallen to a fresh all-time low six times, the latest at an appalling 1.71%, according to last week’s data.

Source: Morrison delivers for foreign corporations: Lowest wage rise on record