OECD and G20-International Tax Avoidance Reforms_2

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initiatives in the action plan that gives tax authorities the power and permissions to take severe action against multinational companies practicing unlawful taxing,http://homesaunaunits.webs.com/home-steam-sauna-units. International leaders have agreed on a few industries and areas that are exploited by tax avoiding companies. These initiatives have also laid down the path for hard-hitting reforms to tax rules that need to be implemented within a time frame of 12 months to 30 months,http://homesaunaunits.webs.com/home-sauna-prices. Companies must disclose additional details under the new guidelines to tax officials to help figure out areas of tax avoidance,http://homesaunaunits.webs.com/home-saunas-for-sale. Other proposals state that companies with large networks of warehouses must pay more local tax in the countries they are located and that companies posting brands and intellectual property as intangible assets can be targeted,Home Sauna units|10% - 70% Discount. Countries acting as tax havens and those that allow harmful tax breaks can also be targeted by tax officials under these initiatives. These new initiatives aims to reduce tax avoidance by giving more power to tax officials and authorities