OECD

OECD Services Trade Restrictiveness Index-STRI

February 17, 2023

The Organization for Economic Cooperation and Development recently released the Services Trade Restrictiveness Index. India ranked 47th. Last year, India was in the 46th position. Unfortunately, India remains among the bottom five countries in the ranking. Russia was in the ..

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UNGA Resolution on International Tax Cooperation Framework

November 28, 2022

The United Nations General Assembly has unanimously adopted a resolution to develop an international tax cooperation framework or instrument based on a UN intergovernmental process. Nigeria submitted this resolution on behalf of a consortium of 54 African countries. Why is ..

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OECD India FY23 GDP Forecast

November 23, 2022

The Organisation for Economic Co-operation and Development (OECD) recently slashed India’s GDP forecast for the current financial year (FY2023) from 6.9 per cent to 6.6 per cent in its latest economic outlook report. What are key findings of the report? ..

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Crypto-Asset Reporting Framework

October 11, 2022

The Crypto-Asset Reporting Framework or CARF was recently released by the Organization for Economic Co-operation and Development (OECD). Key facts The CARF aims to ensure the collection and automated exchange of information on crypto assets with jurisdictions of taxpayers’ residences ..

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UK scraps tax cut for wealthy

October 4, 2022

In a policy reversal, the UK Prime Minister has scrapped the tax cut for the wealthy. This controversial tax cut had notably sparked market turmoil and caused the Pound to plunge to record low values. Key facts On September 23, ..

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Canada’s digital services tax

March 4, 2022

Canada has decided to impose a digital services tax on large companies that sell various services in Canada. About the tax Under the new rules of the Canadian government, a 3% digital services tax will be imposed on the companies ..

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