Posts byCarlo Felician Kouwenhoven

The World’s Financial Firefighters Spark Controversy

A Review of The IMF

Following the events of World War II, and desperate to rebuild the global economy, an effort was made amongst the Allied nations to conceive a post-war order. The culmination of these efforts birthed two new transnational financial institutions: The World Bank and the International Monetary Fund (IMF). Since then, the post-colonial world has shifted its attitude,
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“The Most Important Economic Agreement of the 21st Century”

GLOBAL MINIMUM CORPORATE TAX RATE

On October 31st, 2021, years of negotiation between the members of the Organisation for Economic Co-operation and Development (OECD)/G20 inclusive framework on tax base erosion and profit shifting (BEPS) finally materialised in a new agreement in the form of a global minimum corporate tax rate of 15% that is set to take action by 2023.
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