Earlier this month, the new Toolkit on the Taxation of Offshore Indirect Transfers (OIT) launched that has the potential to plug loopholes, which deprive developing countries of billions of dollars each year.
The toolkit was produced by the Platform for Collaboration on Tax (PCT)—a joint initiative of the United Nations, the International Monetary Fund, the Organisation for Economic Cooperation and Development and the World Bank Group... (read more about the launch of this initiative)