U.S.-based multinational corporations are allowed to play by a different set of rules, says a new study on corporate taxation.
Sales reps at Bristol-Myers Squibb’s majority-owned joint venture in China bribed Chinese health-care providers with cash and jewelry, says the SEC.
The final package of base erosion and profit-shifting measures includes new minimum standards on country-by-country reporting.
The downward revision from April's 3.3% prediction reflects China's economic slowdown, which has crimped Asia's export growth.
Chief financial officers' optimism is at its lowest level in almost three years, according to Deloitte.
The online coupon company will take a pre-tax charge of $35 million in connection with eliminating about 1,100 jobs globally.
The European Union is looking for evidence of sweetheart tax deals between EU countries and individual multinationals.
The cereal company also pays $450 million (about 15 times EBITDA) for a 50% stake in Multipro, a Nigeria-based food sales and distribution company.
An International Energy Agency forecast is the gloomiest for U.S. oil production since crude prices crashed last month.