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Nacogdoches, Texas, Man Pleads Guilty for Role in Murders

A Nacogdoches, Texas, man pleaded guilty today to charges related to a double homicide which took place in Nacogdoches in August 2007.



  • OPA Press Releases

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Lufkin, Texas, Man and Woman Sentenced to Federal Prison for Nacogdoches, Texas, Murders

A Lufkin, Texas, man and woman have been sentenced to federal prison for their part in a double homicide in Nacogdoches, Texas, in August 2007.



  • OPA Press Releases

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Nacogdoches, Texas, Man Sentenced to Life in Prison for Role in 2007 Murders

A Nacogdoches, Texas, man has been sentenced to life in federal prison for his role in a double homicide that took place in Nacogdoches in August 2007, announced Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division and U.S. Attorney John M. Bales for the Eastern District of Texas.



  • OPA Press Releases

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United Kingdom Citizen and Two Americans Charged in Alabama for Allegedly Conspiring to Defraud United States Government

United Kingdom citizen Ahmed Sarchil Kazzaz and his company, Leadstay Company, were charged in an indictment unsealed today in the Northern District of Alabama for their roles in a conspiracy to defraud the United States and pay kickbacks in exchange for receiving subcontracts for a Department of Defense program in Iraq.



  • OPA Press Releases

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Rabobank Admits Wrongdoing in Libor Investigation, Agrees to Pay $325 Million Criminal Penalty

Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) has entered into an agreement with the Department of Justice to pay a $325 million penalty to resolve violations arising from Rabobank’s submissions for the London InterBank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (Euribor), which are leading benchmark interest rates around the world, the Justice Department announced today.



  • OPA Press Releases

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Lloyds Banking Group Admits Wrongdoing in LIBOR Investigation, Agrees to Pay $86 Million Criminal Penalty

Lloyds Banking Group plc has entered into an agreement with the Department of Justice to pay an $86 million penalty for manipulation of submissions for the London InterBank Offered Rate (LIBOR), a leading global benchmark interest rate



  • OPA Press Releases

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Deputy Attorney General Sally Quillian Yates Delivers Remarks at New York University School of Law Announcing New Policy on Individual Liability in Matters of Corporate Wrongdoing

Remarks as prepared for delivery

Thank you, Professor [Jennifer] Arlen, for that kind introduction and for everything you and your colleagues have accomplished at NYU




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Hackin' the GDPR

Trying to comply with the GDPR got you down?
Maybe our parody will cheer you up.

(Sung to the tune of Lennon-McCartney's "Back in the U.S.S.R.")








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Sarkari Naukri 2020: 25000 + Vacancies for Banking Assistant, Teacher, Officer, GDS and Other Posts in Reputed Orgs.

A total of 10529 vacancies have been notified. Job Aspirants can go through the list of Government Jobs in this article.




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Principal Investigator/Professor Positions at Max-Planck Center for Tissue Stem Cell Research and Regenerative Medicine, GDL

With a generous support from the Guangzhou City Government and the Guangdong Provincial Government, Guangzhou Regenerative Medicine and Health-Guangdong Laboratory (GRMH-GDL) was launched in 2017. GRMH-GDL aims to bring together multiple leading scientific research units from Guangdong, Hong Kong, Macao and well-known international research institutes to achieve the vital goal of "Healthy China" and to cooperatively tackle the scientific and technical problems and challenges. GRMH-GDL is focused…




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e-EMGDE, RIC, NEDA y las normas de codificación: más allá de un perfil de aplicación en archivos

Baños-Moreno, María-José and Valentín-Ruiz, Francisco-José and Blázquez-Martín-de-las-Mulas, Antonio e-EMGDE, RIC, NEDA y las normas de codificación: más allá de un perfil de aplicación en archivos., 2019 . In IV Congreso ISKO España-Portugal, Barcelona, 11-12 de julio de 2019. [Conference paper]





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Kingdom at a crossroads: Thailand’s uncertain political trajectory


Event Information

February 24, 2016
2:00 PM - 3:30 PM EST

Falk Auditorium
Brookings Institution
1775 Massachusetts Avenue, N.W.
Washington, DC 20036

Register for the Event

Thailand has been under military rule since May 2014, when General Prayuth Chan-Ocha and the Royal Thai Army seized power after deposing democratically elected Prime Minister Yingluck Shinawatra. Current Prime Minister Prayuth has systematically postponed elections on the grounds of prioritizing order and drafting a new constitution to restore democracy. Since the coup, Thai authorities have used the murky lèse-majesté law to curtail opposition to the monarchy, while the country’s economy has languished.

On February 24, the Center for East Asia Policy Studies at Brookings hosted an event to explore the root causes of Thailand’s political crisis, the implications of an upcoming royal succession, and the possibilities for the road ahead. The event was moderated by Senior Fellow Richard Bush.  Panelists included Duncan McCargo, professor of political science at the University of Leeds, Joshua Kurlantzick, senior fellow at the Council on Foreign Relations, and Don Pathan, an independent security analyst based in Thailand.

 

 Please follow the conversation on Twitter at #ThaiPolitics

Audio

Transcript

Event Materials

       




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The Old World and the Middle Kingdom

       




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Financial conditions and GDP growth-at-risk

Loose financial conditions that increase GDP growth in the near-term may come with a tradeoff for higher risks to future economic growth, according to a new paper from Brookings Senior Fellow Nellie Liang, and Tobias Adrian, Federico Grinberg, and Sheheryar Malik from the International Monetary Fund.  The authors study 11 advanced economies to develop a…

       




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Financial conditions and GDP growth-at-risk

Loose financial conditions that increase GDP growth in the near-term may come with a tradeoff for higher risks to future economic growth, according to a new paper from Brookings Senior Fellow Nellie Liang, and Tobias Adrian, Federico Grinberg, and Sheheryar Malik from the International Monetary Fund.  The authors study 11 advanced economies to develop a…

       




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Figure of the week: Illicit financial flows in Africa remain high, but constant as a share of GDP

This month, the Africa Growth Initiative at Brookings published a policy brief examining trends in illicit financial flows (IFFs) from Africa between 1980 and 2018, which are estimated to total approximately $1.3 trillion. A serious detriment to financial and economic development on the continent, illicit financial flows are defined as “the illegal movement of money…

       




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Get Ready for Slower GDP Growth in China

The recent gyrations in the Chinese interbank market underscore that the chief risk to global growth now comes from China. Make no mistake: credit policy will tighten substantially in the coming months, as the government tries to push loan growth from its current rate of 20% down to something much closer to the rate of nominal GDP growth, which is about half that. Moreover, in the last few months of the year the new government will likely start concrete action on some long-deferred structural reforms. These reforms will bolster China’s medium-term growth prospects, but the short-term impact will be tough for the economy and for markets.

The combination of tighter credit and structural reforms means that with the best of luck China could post GDP growth in 2014 of a bit over 6%, its weakest showing in 15 years and well below most current forecasts. A policy mistake such as excessive monetary tightening could easily push growth below the 6% mark. Banks and corporations appear finally to be getting the message that the new government, unlike its predecessor, will not support growth at some arbitrary level through investment stimulus.

The dire performance of China’s stock markets in the past two weeks reflects this growing realization among domestic investors, although we suspect stocks have further to fall before weaker growth is fully discounted.

Slower growth… but no Armageddon

But the China risk is mainly of a negative growth shock, not financial Armageddon as some gloomier commentary suggests. Financial crisis risk remains relatively low because the system is closed and the usual triggers are unavailable. Emerging market financial crises usually erupt for one of two reasons: a sudden departure of foreign creditors or a drying-up of domestic funding sources for banks. China has little net exposure to foreign creditors and runs a large current account surplus, so there is no foreign trigger. And until now, banks have funded themselves mainly from deposits at a loan-to-deposit ratio (LDR) of under 70%, although the increased use of quasi-deposit wealth management products means the true LDR may be a bit higher, especially for smaller banks. The danger arises when banks push up their LDRs and increasingly fund themselves from the wholesale market. So a domestic funding trigger does not exist—yet.

The People’s Bank of China clearly understands the systemic risk of letting banks run up lending based on fickle wholesale funding. This is why it put its foot down last week and initially refused to pump money into the straitened interbank market. Interbank and repo rates have dropped back from their elevated levels, but remain significantly above the historical average. The message to banks is clear: lend within your means. This stance raises confidence that Beijing will not let the credit bubble get out of control. But it also raises the odds that both credit and economic growth will slow sharply in the coming 6-12 months.

If the economy slows and local stock markets continue to tumble, doesn’t this mean the renminbi will also weaken sharply? Not necessarily. Beijing has a long-term policy interest in increasing the international use of the renminbi, which can only occur if the currency earns a reputation as a reliable store of value in good times and bad. Allowing a sharp devaluation now runs against this interest, and also would be a sharp break from a long-established policy of not resorting to devaluation to stimulate growth, even at moments of severe stress (as in 1997-98 and 2008-09). So while our call on China growth has been marked down, our call on the renminbi has not.

Short-term pain is better than long-term stagnation

From a broader perspective, the biggest China risk is not that the country suffers a year or two of sharply below-trend growth. If that slowdown reflects more rational credit allocation and the early, painful stages of productivity-enhancing reforms, it will be healthy medicine. And even a much slower China will still be growing faster than all developed markets and most emerging ones.

The real risk is rather that the new government will show a lack of nerve or muscle and fail to push through financial sector liberalization, deregulation of markets to favor private firms, and fiscal reforms to curtail local governments’ ability to prop up failing firms, overspend on infrastructure, and inflate property bubbles. The old government wasted the last three years of its term doing none of these things despite the obvious need. The new leaders are talking a better game, but they have a year at most to articulate a clear reform program, begin implementation (liberalizing interest rates and freeing electricity prices would be a good start), and ruthlessly removing senior officials who stand in the way. If they fail to deliver, then the short-term slowdown could become a long and dismal decline.

Publication: GKDragonomics
      
 
 




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The GDP Report Is Not As Bad As It Looks


My first response to the GDP report was “holy cow!”-- it’s not often that the U.S. economy contracts, and the headline says that this just happened in the final quarter of 2012. Many had expected weak growth; none had seen a contraction coming. But once you take a deep breath, read past the headline, and delve into the numbers, you’ll see that this is actually a pretty good (though not great) report. The internals are much better than the top-line belies. Under the hood, we see solid growth in both consumption and investment and as a result, private spending was humming along. Last quarter’s decline in U.S. GDP was all about inventories (which subtracted 1.3 percentage points from growth), as well as sharp cuts in defense spending. Neither of these are expected to persist.

And let’s not forget that this is the "advance" GDP estimate, which is only an early (an often inaccurate) guess as to what was happening. Typically, this estimate misses the mark by a full 1.3 percentage points.

I'm sure we will start seeing the use of the dreaded "R" word (recession). That's premature, and almost certainly wrong. The U.S. economy is growing, although probably slower than potential. Don’t let me overstate my sunny optimism though—the recovery is still precarious, and Congress could still blow it up.

Overall, there's nothing in today's GDP report to change my view: The U.S. economy was doing OK -- maybe even pretty well -- but definitely not great in the final quarter of 2012. While this morning's negative growth number is an attention grabber, realize it's for last quarter, it's an early guess, and it's contradicted by most other data which point to an economy that is still growing, although perhaps not fast enough.

And finally, a trivia question: When is the last time that the first big hint of bad economic news came from an advance GDP report? Answer: Never.

Image Source: © Rebecca Cook / Reuters
     
 
 




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On the brink of Brexit: The United Kingdom, Ireland, and Europe

The United Kingdom will leave the European Union on March 29, 2019. But as the date approaches, important aspects of the withdrawal agreement as well as the future relationship between the U.K. and EU, particularly on trade, remain unresolved. Nowhere are the stakes higher than in Northern Ireland, where the re-imposition of a hard border…

      
 
 




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Brexit—in or out? Implications of the United Kingdom’s referendum on EU membership


Event Information

May 6, 2016
9:00 AM - 12:30 PM EDT

Falk Auditorium
Brookings Institution
1775 Massachusetts Avenue, N.W.
Washington, DC 20036

Register for the Event

 



On June 23, voters in the United Kingdom will go to the polls for a referendum on the country’s membership in the European Union. As one of the EU’s largest and wealthiest member states, Britain’s exit, or “Brexit”, would not only alter the U.K.’s institutional, political, and economic relationships, but would also send shock waves across the entire continent and beyond, with a possible Brexit fundamentally reshaping transatlantic relations.

On May 6, the Center on the United States and Europe (CUSE) at Brookings, in cooperation with the Heinrich Böll Stiftung North America, the UK in a Changing Europe Initiative based at King's College London, and Wilton Park USA, will host a discussion to assess the range of implications that could result from the United Kingdom’s referendum. 

After each panel, the participants will take questions from the audience.

Join the conversation on Twitter using #UKReferendum

Audio

Transcript

Event Materials

      
 
 




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Podcast | Prachi Singh talks about the impact of air pollution on child health and GDP

       




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Climate Change Will Destroy 5% of Pakistan's GDP

Climate-related disasters and other losses will cost Pakistan $14 billion each year, a former environment has said.






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US GDP shrank 4.8% in the first quarter amid biggest contraction since the financial crisis

This marked the first negative GDP reading since the 1.1% decline in the first quarter of 2014 and the worst level since the 8.4% plunge in Q4 of 2008 during the worst of the financial crisis




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Stock market live Wednesday: Tech stocks rise, Dow falls 200, GDP -18%?

A converstation about the latest market-moving news, including oil's six-day rally and expectations of reopening the economy.




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The Final Call: ATVI, PYPL & GDX

The Options Action traders give their final trades heading into next week.




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Final Trades: JPM, GDX, AAPL & AGN

The Fast Money traders offer up their final trades of the week.




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Stunning Winning Photos From The GDT's Nature Photographer Of The Year 2020

The German Society for Nature Photography (GDT) has announced its Nature Photographer of the Year 2020. 

This year, for the first time in the GDT's history, voting was carried out online, due to the pandemic. 




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Chitrangda Singh on sexual favours in Bollywood: That's the way the world functions

Several Bollywood personalities have spoken about facing the casting couch or having met people who asked for sexual favours in order to get a good project. The latest celebrity to speak about this issue was Ayushmann Khurrana, who was asked by a casting director to show him his 'tool' to get the role in a film. 

Now, Hazaaron Khwaishein Aisi actress Chitrangda Singh, in an interview with Spotboye has spoken about sexual favours asked for in Bollywood. She shared, "There are people like this everywhere. Right from my modelling days to Bollywood - I have seen them at all times."

Saying that this happens in the corporate world too, Chitrangda added, "Corporate industry is just as bad. Yes, it has happened to me but, I would like to say that the Bollywood industry is not the place where anybody forces you. There is enough space and respect for everyone and their choices."

Chitrangda further added, "You do feel bad when you lose an opportunity but then those are the choices you make. So, you don't sulk about it. It feels bad and I have lost out on projects too but at the same time if you are comfortable with it, then go ahead and do it. I am not here to judge anyone."

In fact, Chitrangda emphasised that its not just sexual favours that are sought, too. "There is not just sexual favour but other sorts of favours too, which people seek. That's the way world functions, so you make your choices and live the way you like. I am not taking away from anyone who has been in the situation, I am not judging. This is just my point of view."

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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Tax-News.com: EU Tax Burden Steady In 2015, At 38.7pc Of GDP

The European Commission has published its annual taxation trends report.




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Tax-News.com: Ireland Had EU's Lowest Tax-To-GDP Burden In 2018: Eurostat

The overall tax burden in the European Union relative to GDP rose slightly in 2018, to 40.3 percent, the Eurostat has announced.




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Tax-News.com: Ireland Had EU's Lowest Tax-To-GDP Burden In 2018: Eurostat

The overall tax burden in the European Union relative to GDP rose slightly in 2018, to 40.3 percent, the Eurostat has announced.




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Genetic Profile Detects Type 2 Diabetes Risk Among Women With GDM

Women who are at high risk of developing type 2 diabetes after having gestational diabetes mellitus (GDM) are more likely to have specific genetic profiles,




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Pooja Hegde Promotes Housefull 4

Here are the stylish photos of Pooka Hegde who gets ready for the promotions of her next movie Housefull 4.




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Pooja Hegde Looks Pretty in Pink

Pooja Hegde's gorgeous look for Ala Vaikunthapurramloo success meet.




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The Heavy Burden of Obesity: Key findings for the United Kingdom

The United Kingdom has one of the highest rates of obesity: nearly one in three adults are obese. As a result, people in the United Kingdom live on average 2.7 years less due to overweight. Overweight accounts for 8.4% of health expenditure; and lowers labour market outputs by the equivalent of 944 thousand full time workers per year. Combined, this means that overweight reduces United Kingdom’s GDP by 3.4%.




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Taxing Energy Use: Key findings for the United Kingdom

This country note explains how the United Kingdom taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.




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Health at a Glance 2019: Key findings for the United Kingdom

The United Kingdom spends almost 10% of its GDP on health, about one percentage point higher than the OECD average. This is projected to reach 11.4% by 2030. This level of spending buys strong access to health care, with low levels of inequality, though long-term care services are less accessible. Quality of care indicators are typically close to the OECD average. Health outcomes are fairly good.




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Revenue Statistics: Key findings for the United Kingdom

The tax-to-GDP ratio in the United Kingdom increased by 0.2 percentage points from 33.3% in 2017 to 33.5% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.




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How's life in the United Kingdom?

This note presents selected findings based on the set of well-being indicators published in How's Life? 2020.




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Taxing Wages: Key findings for the United Kingdom

The tax wedge for the average single worker in the United Kingdom remained the same at 30.9 percentage points between 2018 and 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 the United Kingdom had the 27th lowest tax wedge among the 36 OECD member countries, occupying the same position in 2018.




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Somalia GDP

The Gross Domestic Product (GDP) in Somalia was worth 7.70 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Somalia represents 0.01 percent of the world economy. GDP in Somalia averaged 1.69 USD Billion from 1960 until 2019, reaching an all time high of 7.70 USD Billion in 2019 and a record low of 0.18 USD Billion in 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Somalia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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United Kingdom Employment Rate

Employment Rate in the United Kingdom increased to 76.60 percent in January from 76.50 percent in December of 2019. Employment Rate in the United Kingdom averaged 71.34 percent from 1971 until 2020, reaching an all time high of 76.60 percent in January of 2020 and a record low of 65.60 percent in March of 1983. In United Kingdom, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - United Kingdom Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Peer Review Report of the United Kingdom - Combined Phase 1 + Phase 2

This report summarises the legal and regulatory framework for transparency and exchange of information for tax purposes in the United Kingdom .




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The Global Forum on Tax Transparency welcomes Azerbaijan and the Kingdom of Lesotho as new members

Azerbaijan and the Kingdom of Lesotho have joined the Global Forum on Transparency and Exchange of Information for Tax Purposes. As the 119th and 120th members of the Global Forum, they will participate in the peer review process which encourages all countries to adopt effective exchange of information in tax matters.




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OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Chengdu, China) - July 2016

This report consists of two parts. Part I is a report by the OECD Secretary-General regarding (A) the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project; (B) Tax transparency; (C) Tax policy tools to support sustainable and inclusive growth; and (D) Tax and development. Part II is an updated Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes.




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Estonia joins the Multilateral Instrument and the United Kingdom deposits ratification instrument

Estonia becomes the 82nd jurisdiction to join the MLI. Estonia’s signature follows the signatures by Kazakhstan, Peru and the United Arab Emirates earlier this week. JAlso today, the United Kingdom deposited its instrument of ratification for the Multilateral Instrument with the OECD.




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The Kingdom of the Netherlands and Georgia deposit instruments of acceptance or ratification for the Multilateral BEPS Convention

The Kingdom of the Netherlands has deposited its instrument of acceptance and Georgia has deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) with the OECD's Secretary-General, thus underlining its strong commitments to prevent the abuse of tax treaties and BEPS by multinational enterprises.