Banking Too Complex For OECD Tax Plan, Saint-Amans Says

By Matt Thompson (September 8, 2021, 11:45 AM EDT) -- The complexity of the regulatory framework for international financial transactions led to the banking sector being carved out of the Organization for Economic Cooperation and Development's project to amend international tax rules, OECD tax chief Pascal Saint-Amans said.

The OECD's tax chief, Pascal Saint-Amans, said there was a consensus among economists and countries from the global south for an exemption for natural resources. (ERIC PIERMONT/AFP via Getty Images) Speaking on an official OECD podcast released Monday, Saint-Amans said there was a consensus among economists and countries from the global south for an exemption for natural resources. It was thought unnecessary to...

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