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Showing 1 to 25 of 42 Articles matching 'OECD' in related articles.

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1. "Europe Ventures"- The Global Recession is Over, Almost. November 05, 2009 Europe Ventures, Data from OECD shows clearly that the global economy is much better. The end of the global recession is in sight according to the Organization for Economic Co-operation and Development [OECD]. Sources from OECD told Europe Ventures that the end of the global turmoil is approaching quicker than expected and they have changed their forecast for the next several quarters. This week the Chairman of OECD Joregn Elmeskov spoke in an interview of how the recovery may not be as fragile as predicted and it may rebound stronger that anticipated. He said that there is now ... (read more) Author: Kevin Davis

2. Singapore - International Business Corporation (IBC) November 05, 2009 Singapore International Business Corporation Offshore financial centers are coming under strict scrutiny because of the regulatory pressures exerted by organizations such as OECD. In the present scenario Singapore with a strong reputation as an international financial center offers a tax system that is equally attractive to resident and non resident companies alike. Singapore’s status and reputation as a trusted and responsible business and financial hub committed to the international efforts to combat cross-border tax evasion, is attracting high net-worth individuals and companies who se... (read more) Author: John Media

3. Singapore Caves in to OECD Tax Treaties October 27, 2009 Executive Summary – Singapore long considered a secure tax haven for offshore banking has caved in and passed a new tax law. This law allows the Singapore government to request banking records on behalf of a foreign country suspecting tax evasion. The new law is modeled after the OECD tax treaty. Previously the government of Singapore could only request banking information in the case of domestic tax evasion, not at the request of a foreign power. Of course the OECD tax treaties is being driven by the G-20 nation which includes Saudi Arabia, Brazil, and Indonesia who have not signed any tax tr... (read more) Author: Aurelia Masterson

4. Ecuador Private Banking October 16, 2009 Ecuador’s Big Plus – Ecuador is not signing any OECD tax treaties and is not even giving lip service to the OECD. This means they have no intention on sharing any information regarding taxes at all. Your privacy will be protected. Ecuador has bank secrecy and anonymous bearer share corporations. We have a law office in Ecuador to service our clients specifically for corporations and banking. The Bank: The bank we use (http://www.bancoterritorial.com), located in Guayaquil, Ecuador. We have a very close relationship with this bank. It is a 123-year-old bank, built in 1886. Ecuador’s nation... (read more) Author: Aurelia Masterson

5. OECD Tax Treaties--Ecuador Not Signing October 16, 2009 Recent Tax Information Exchange Agreements * Andorra - Austria, France, Liechtenstein, Monaco, San Marino * Anguilla - Denmark, Ireland, Netherlands,United Kingdom * Antigua and Barbuda - Australia, Denmark, Netherlands, United States * Aruba - British Virgin Islands, Denmark, Faroe Islands, Finland, Greenland, Iceland, Netherlands Antilles, Norway, Spain, St. Kitt and Nevis, St. Vincent and the Grenadines, Sweden, United States * Australia - Antigua and Barbuda, Bermuda, British Virgin Islands, Gibraltar, Isle of Man, Jersey, Netherlands Antilles * Austria - ... (read more) Author: Aurelia Masterson

6. Singapore Emerging attractive as Tax Havens are "Grey Listed" by Regulations October 09, 2009 The organization for Economic Co-operation and development’s (OECD) has "grey listed" certain jurisdictions that were once deemed as tax havens. They include Monaco and Liechtenstein. Bankers have orchestrated that with regulations for offshore financial centers increasing it appears that the number of players in the offshore financial field will diminish particularly if they seek to function only as a venue to park assets. At a private Banking summit it was stressed that a greater scrutiny was being imposed by developing countries on offshore financial centers who operate only as a t... (read more) Author: Paul Media

7. BNP Paribas Bank in Panama Closing Due to OECD October 05, 2009 Executive Summary – One of the largest French banks is closing its operation in Panama. This is because Panama is listed as a tax haven with the OECD. What About the Depositors – What do they do? They will undoubtedly be getting letters to close their accounts. Is the bank going to respect the secrecy? The Swiss banks with operations in France were recently pressured to reveal 3000 names of account holders to the French. Will Other Banks Do the Same in Panama – What if a lot of other international banks also decide to leave Panama? Do they know something we do not know? Is there goin... (read more) Author: Aurelia Masterson

8. OECD Tax suppression may Benefit Singapore October 01, 2009 OECD Tax suppression may Benefit Singapore. A recent news report in Channel News Asia's website stated that many high net worth individuals and enterprises may look towards Singapore to park their assets as the United States tightens the noose around the tax evaders. The traditional tax havens, which have long enjoyed the preference of the rich, are loosing the charm as their images have been tarnished. It is not an isolated exercise by the US alone, in fact the Organization for Economic Cooperation and Development (OECD) members are all coordinating to curb the practice of parking of illegiti... (read more) Author: John Media

9. Time-chem & The Global Economy September 18, 2009 Time-chem & The Global Economy China is leading the way forward as global trade rebounds. China’s GDP is estimated to have risen by a seasonally adjusted annual rate of 14% in the second quarter, OECD says. “The economic stimulus package implemented by the Chinese government has had a clear and positive impact on the national economy, and it is already evident that both demand and pricing of petroleum and petrochemical products are recovering,” Sinopec said late last month. The global petchem sector needs recovery to continue as Sinopec and joint venture partners are set to increase ethyl... (read more) Author: Ricardo Liu

10. OECD says Unemployment Will Continue to Rise September 16, 2009 Women walk past a job center in London, 16 Sept. 2009 Despite reports that many industrialized economies are beginning to emerge from their worst economic crisis in decades, unemployment is rising and will likely reach a historic peak of nearly 10 percent next year. The findings come from the Organization for Economic Cooperation and Development in Paris.Indications that unemployment continues to rise is grim news for leaders heading to the G-20 summit in the United States next week. The Paris-based Organization for Economic Cooperation and Development reports unemployment reached its highes... (read more)

11. Panama Intends to Sign OECD Tax Treaties September 10, 2009 Executive Summary – Panama Finance Vice-Minister Frank De Lima said that Panama intends to sign tax treaties allowing for the sharing of banking information with at least 10 nations to get out from under OECD sanctions. This is what we have been predicting. They will sign before they get blacklisted. The OECD is waiting to actually see the verbage used in these treaties before agreeing to let them off of the hook according to Jeffrey Owens the director of the OECD tax policy department. Spain, Mexico, Switzerland, Belgium and Canada have expressed interest in signing tax treaties with Panama. ... (read more) Author: Aurelia Masterson

12. Economic Worries Persist Despite Positive Reports September 03, 2009 There are more indications the worst of the global recession may be over, but key economic officials from around the world are still worried.The latest upbeat assessment comes from the Paris-based Organization for Economic Cooperation and Development (OECD), which said Thursday an economic recovery could come sooner and be stronger than first thought.The OECD analyzes economic data for 30 of the world's leading industrialized countries and says economic growth for the top industrialized nations - the United States, Britain, Canada, France, Germany, Italy and Japan, also known as the Group of S... (read more)

13. Women Get Ready, Get Set and Go Global September 02, 2009 Today, women are starting businesses at twice the rate of men and becoming a major force both in the traditional and the new global e-business marketplace. In November, The National Women's Council's Interagency Committee on Women's Business Enterprise prepared and presented to the 2000 Organization for Economic Cooperation and Development Conference a case study (http://www.nwbc.gov/oecd.pdf) on successful public and private initiatives for fostering entrepreneurship among women. It notes the significant role women have played in the recent economic prosperity and affirms the fact that ... (read more) Author: jasbir shyam

14. Liechtenstein And Luxembourg Sign DTA September 02, 2009 Liechtenstein and Luxembourg have signed a double taxation agreement in line with OECD standards for tax transparency. Luxembourg's Finance Minister, Luc Frieden and Liechtenstein's Prime Minister, Klaus Tschutscher signed the double taxation agreement in Vaduz, the capital of the Alpine principality. Liechtenstein agreed in March to adopt OECD standards on tax information exchange, and earlier this month, Liechtenstein signed an accord with the UK, aimed at recovering outstanding taxes from British investors with undeclared funds lodged in Liechtenstein. An agreement on the exchange... (read more) Author: Jaiya Motaye

15. Offshore Banking and Offshore Banking License August 27, 2009 Introduction – Our law firm can assist you in the purchase of an existing offshore bank in a tax haven or in the formation of a new bank. Today in spite of the OECD tax hoopla there is still a need for some people to own their own offshore bank. Offshore banks are generally located in tax havens that do not tax offshore-derived income. The regulatory hassles of owning your own offshore bank are substantially less than what you encounter when using an offshore bank that you do not own. It is a lot simpler to conduct your business affairs under your own control and scrutiny. Many people ope... (read more) Author: Aurelia Masterson

16. OECD Tax Treaty Compliance Failing August 18, 2009 Executive Summary – We now have two nations that we know of that have failed to execute OECD tax treaties according to their model agreement. Panama and Austria. We are of the opinion that if this number can get up to four or five tax havens a full rebellion may take place and these OECD tax treaties will fail. We are not there yet but are watching optimistically. Background – The OECD (Organization for Economic Cooperation and Development) is driven by high tax countries in need of greater revenue to feed their unprecedented spending programs. Having already bled their populations dry th... (read more) Author: Aurelia Masterson

17. Panama Announces That it Will Concede to OECD PRESSURE July 21, 2009 Executive Summary - As we have been explaining for almost two month Panama will have to concede to change its banking laws for the sake of the OECD. To not do so would mean blacklisting by the other 81 nations in the OECD. Blacklisting could mean the end of being able to have a correspondent bank in any country thus crippling the ability of Panama banks to be able to send and receive wires. They would also not be able to cash checks written from abroad. Panama is way too small to be a lone wolf. This came from an official statement made by the Vice Minister of the Economy, Mr. Frank DeLi... (read more) Author: Aurelia Masterson

18. Report: Economic Crisis Hurting Migrant Workers on All Continents June 30, 2009 A new study finds the economic crisis is hitting a key engine of growth - foreign migrants. The report by the Paris-based Organization for Economic Cooperation and Development warns this trend could hurt richer and poorer nations.  Immigrants are an important part of the labor market in richer nations - making up about 10 percent of the labor force and taking jobs native workers cannot or do not want to fill. But a new study finds the economic downturn means hard times for these immigrants, as unemployment rises and governments increasingly favor native workers.Released Tuesday by the O... (read more)

19. OECD Looks for Global Economic Growth in 2010 June 24, 2009 The Paris-based Organization of Economic Cooperation and Development has offered its most positive forecast in months on the world economy, saying 2010 is likely to usher in modest growth. The Organization for Economic Cooperation and Development did not offer a particularly upbeat economic forecast either for this year or next. Its new report predicts the economies of its 30-member states will shrink by 4.1 percent this year. Trade likely to fallSecretary-General Angel Gurria presents the new economic outlook on at the OECD headquarters in Paris, France, 24 Jun 2009 OECD Secretary-General An... (read more)

20. Swizerand Signs First DTA With Exchange Of Information Clause June 02, 2009 Switzerland and Denmark have agreed at a technical level to the extension of administrative assistance in tax matters under Art. 26 of the OECD odel Convention. The tax authorities of both States initialed a revised double taxation agreement (DTA). The DTA was negotiated in accordance with the key points agreed by the Federal Council. The initialed double taxation agreement (DTA) with Denmark will be submitted to the cantons and business associations for their comments. The DTA will then be submitted to the Federal Council, which will decide on the authorisation for signing. After the ... (read more) Author: Dennis Vermeulen

21. OECD says African Economic Growth Will be Cut by Half May 11, 2009 A new report by the Organization for Economic Cooperation and Development predicts Africa's economic growth will be cut in half this year and political tensions may soar as the continent struggles with the global economic downturn. But the Paris-based organization also says Africa is in better shape to deal with the crisis than a decade ago. Global Economic CrisisThe report paints a bleak picture of the African economy in 2009. Hit by a drop in commodity prices, foreign investment and aid, the report says growth is expected to fall to 2.8 percent this year, less than half the 5.7-percent gro... (read more)

22. Income Tax Laws in Canada April 16, 2009 Income taxes are a very important thing for any properly working government. Usually it is levied on the on the financial income of people, corporations, or other legal entities. There are various types of income tax systems with varying degrees of tax incidence. The Level of Canadian Taxation is average among Organization for Economic Co-operation and Development (OECD) countries and approximately 70% of the Canadian government's income comes from taxation. Due to such high percentage of income the Income Tax System is protected by serious laws. Canadian system is built on the principle ... (read more) Author: Kevn Smith

23. OECD: Right Policies Could Foster Economic Growth March 31, 2009 OECDThe Paris-based Organization for Economic Co-operation and Development, or OECD, predicted that the economies of its member countries will contract by 4.3 percent this year due to the deepening financial crisis and a collapse in world trade.But the 30-member group of mostly industrialized nations, including the United States, said government intervention in the banking industry and the form of fiscal stimulus could facilitate faster economic recovery.This is OECD Chief Economist Klaus Schmidt-Hebbel, speaking from Paris to an audience here in Washington."The bottom line of our analysis, ou... (read more)

24. Swiss Banks Call Tax Evader Label Unfair March 27, 2009 The Swiss Bankers Association has launched a blistering attack against the Organization for Economic Cooperation and Development calling the OECD's treatment of Switzerland disgraceful. The bankers say the OECD's threat to put Switzerland on a blacklist of countries that allegedly shield tax evaders is unacceptable and seriously damages the OECD's credibility. Pierre Mirabaud is seen during a press conference in Geneva, Switzerland, 27 Mar 2009The President of the Swiss Bankers Association, Pierre Mirabaud, categorically denies that Switzerland is a tax haven. He says 99.9 percent of tax... (read more)

25. OECD Warns Protectionism Will Worsen Financial Crisis March 19, 2009 A new report by the Organization for Economic Cooperation and Development, the OECD, warns protectionism will worsen the global financial crisis.  The report analyzes six emerging countries and shows how their economies boomed after they opened their markets to world trade. The OECD counsels wealthy countries to learn from this experience. The OECD says trade protectionism is not the way to tackle the current economic crisis. The report says resisting protectionist measures may not be the politically correct thing to do, but it is the economically correct thing to do to get the world ... (read more)

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