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A spate of BEPS scandals in the past decade has served as an impetus for the OECD's action. The largest firms are often U.S. multinationals avoiding the high (35%) worldwide corporate tax rate in the United States. However BEPS tools (and structuring) are also increasingly used in money laundering/regulatory avoidance.
MANILA (Reuters) -Evacuations were under way in the Philippines after a quake of at least magnitude 7.5 struck the southern region of Mindanao on Saturday night, triggering tsunami warnings in the ...
However, PHIVOLCS said that it was a separate earthquake. [10] On August 2, 2024, two M ww 6.8 and 6.3 earthquakes occurred within the area of the 2023 sequence. [11] [12] The December 2 earthquake was described as the first major earthquake in the area since a doublet 7.1 and 7.5 earthquake that also produced a tsunami in 1992. [13]
At 16:14 PST (08:14 UTC) on November 17, 2023, the province of Sarangani on the island of Mindanao in the Philippines was struck by an earthquake measuring 6.7 M ww. It had a maximum perceived intensity of VIII (Severe) on the Modified Mercalli Intensity Scale. At least eleven people were killed and another 730 were treated for injuries.
A powerful earthquake with a preliminary magnitude of 7.6 struck Saturday off the southern Philippine coast, prompting many villagers to flee their homes in panic around midnight after Philippine ...
The magnitude 6.7 quake was located 26 kilometers (16 miles) from Burias at the southern tip of the Philippines, the U.S. Geological Survey said. It was centered at a depth of 78 kilometers (48 ...
The BEPS tools used by tax havens have been known and discussed for decades in Washington. [50] For example, when Ireland was pressured by the EU–OECD to close its double Irish BEPS tool, the largest in history, to new entrants in January 2015, [51] existing users, which include Google and Facebook, were given a five-year extension to 2020. [52]
The earthquake struck at 8:43 a.m. Wednesday, local time, near the municipality of Tayum in the province of Abra, with a rather shallow depth of around 10 miles (17 km) below the earth's sur