Latest Business News: OECD Publishes Plan to Cut Tax Evasion

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Latest Business News: OECD Publishes Plan to Cut Tax Evasion

by Wochit 0:58 mins

Latest Business News: OECD Publishes Plan to Cut Tax Evasion

by Wochit 0:58 mins

The Organization for Economic Co-operation and Development has unveiled new plans to tackle tax evasion by improving the way tax authorities share information about individuals and entities like trusts. During the bleakest days of the Great Recession, Congress agreed in bipartisan votes to bail out two of Detroit's biggest businesses, General Motors and Chrysler. Today, however, there seems little appetite from either Democrats or Republicans in Washington for a federal rescue of the birthplace of the automobile industry. A senior G20 official said advanced G20 economies are ready to commit to numerical targets for public debt reduction after 2016 to boost investor confidence and create better conditions for economic growth.

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