The EU is on its way to becoming one of the first to implement a historic global tax reform agreement, setting a minimum effective tax rate of 15% for large multinational groups, including biopharma and med-tech companies.
The Organization for Economic Cooperation and Development (OECD) announced a two-pillar plan for reform of international rules of taxation that would update rules said to be insufficient for the 21st Century economy. The proposal, a joint effort of the OECD and the G20, is to apply a minimum tax rate of 15% on goods shipped across national boundaries, thus putting an end to tax havens that have been used to avoid taxes.
DUBLIN – The Biden administration’s proposals on global corporation tax reform have set alarm bells ringing across the Irish government, as officials digest the possible implications of the plan for Ireland's foreign direct investment model of economic development.
LONDON Too little is being done either to prevent pharmaceutical residues entering the environment or to assess the risks that poses, according to an OECD report. Most OECD member countries have risk lists and voluntary monitoring for certain pharmaceuticals in surface waters, but the majority of around 2,000 active pharmaceutical ingredients and their metabolites remain unmonitored and without environmental toxicity data.