International taxes

Policies that lower the foreign taxes of U.S.-based multinational corporations are unlikely to benefit domestic workers, according to a recent academic study.

The final wording of the communique is subject to ongoing debates.

Taxpayers and financial institutions now need to verify their identities when they sign in or register to use the system as an extra security measure.

Wolters Kluwer announced CCH Tagetik Tax Provision & Reporting, a solution offering data collection and group tax provision calculations for multinationals.

U.S. lawmakers and government officials view the tax as unfair and have threatened to retaliate if Canada moved forward with it.

Cutting-edge technology could help authorities identify wrongdoing, with well over half of Turkish companies announcing outright losses or "symbolic" profits.

The parent of Italian beverages group Davide Campari-Milano NV said it isn't aware of any investigation following reports over alleged tax avoidance.

Kenyan President William Ruto said he's withdrawing a contentious tax bill after it led to the deaths of at least 23 people.

The proposal calls for a 2% minimum tax that would hit about 3,000 of the world's richest people, and is set for debate when G-20 finance ministers gather in Rio de Janeiro next month.

Former Warburg banker Christian Olearius has been found permanently unfit to stand trial, so the court dropped the case.