The country's fiscal deficit between March 2018 and February 2019 had grown to 3.5% of gross domestic product, compared to 3.3% in the year leading up to January and 2.9% in December.
The analysis is based on answers to the question “Do you justify cheating on taxes if you have the chance?”
The Organization for Economic Cooperation and Development (OECD) is the 36-member club of the world’s most developed economies.
The report says that tax administrations may sometimes be justified in using hindsight to increase a tax assessment if intangible assets (intellectual property) are shifted offshore.
We may be witnessing a renewed tax dispute between the US and UK among others. Are we back to the Boston Tea Party – no taxation without physical (not just digital) representation?
According to the report, the majority of students who perform poorly in The Program for International Student Assessment come from socioeconomically disadvantaged backgrounds.
"The real estate sector risk is high, and the banks' involvement in the sector continues to be very deep," OECD economists write.
Kahlon signs multilateral convention to combat tax avoidance.
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