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In contrast, the OECD has spent decades developing intellectual property as a legal and a GAAP accounting concept. [59] Ireland, who has some of the most advanced IP-based BEPS tools in the world, [60] and have the first OECD-approved IP-box, [61] has been a supporter of the OECD BEPS project (see Feargal O'Rourke quote). [62]
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]
May 2024 solar storms: X1.2(X1.3)-class flares [93] and X4.5-class flare. [94] The flares with a magnitude of 6–7 occurred between 30 April and 4 May 2024. On 5 May the strength of the solar storm reached 5 points, which is considered strong according to the K-index. The rapidly growing sunspot AR3663 became the most active spot of the 25th ...
The good news is that Earth should be out of the line of fire this time because the flare erupted on a part of the sun moving away from Earth. NASA's Solar Dynamics Observatory captured the bright ...
Apple's Q1 2015 Irish restructure, post their €13 billion EU tax fine for 2004–2014, is one of the most advanced OECD-compliant BEPS tools in the world. It integrates Irish IP–based BEPS tools, and Jersey Debt–based BEPS tools, to materially amplify the tax sheltering effects, by a factor of circa 2. [136]
The global economy must steer through a precarious recovery this year and next as inflation keeps dragging on household spending and higher interest rates weigh on growth, banks and markets. The ...
In January 2017, the OECD estimated that BEPS tools, mostly located in OFCs, were responsible for US$100 to 240 billion in annual tax avoidance. [28] However, it is notable that developing countries often suffer from kleptocracy and serious corruption regarding national wealth, and BEPS is very much a secondary concern.
By MORGAN WHITAKER New video released by NASA Thursday captures the spectacular instant the sun fired off a solar flare in Earth's direction. The video shows the coronal mass ejection that created ...