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OECD tax initiative

In 2023, the Organisation for Economic Co-operation and Development (OECD) reported a stable average tax-to-GDP ratio of 33.9% among its member countries. This level represents a slight decrease of 0.1 percentage points compared to 2021 and 2022 but remains above the pre-pandemic average of 33.4% observed in 2019. The data reveals a delicate balance as...

The Global Tax Haven Phenomenon: Exploring Zero Corporate Tax Jurisdictions

In today’s interconnected world, setting corporate tax rates has become a strategic move for countries seeking to attract businesses and increase their tax revenues. This competition has often been termed a “race to the bottom,” where nations lower their tax rates to lure companies to their shores. In some cases, this race has reached rock...

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