Economic globalization

Bulgaria Ranks 1st in Europe, 3rd Worldwide in Direct Foreign Investments in Outsourcing

According to the annual ranking of Business Process Outsourcing and Shared Service Location Index 2015, Bulgaria is third in the world in terms of direct foreign investments attracted in the outsourcing sector and ranks first in Europe, stated Economy Minister Bozhidar Lukarski at the opening of the annual conference of the leaders of the European Outsourcing Association.

World Worried About China's Economic Slowdown

Even after witnessing a double-digit growth for nearly three decades, the Chinese economy has started showing signs of slowness. Although India has replaced the Asian giant as the fastest growing major economy of the world, the South Asian nation, like other countries across the globe, is worried about its northern neighbour's slow growth rate.

EC Proposes New Reporting Rules for Multinationals to Boost Tax Transparency

The European  Commission proposed on Tuesday to introduce public reporting requirements for the largest companies operating in the EU and in tax havens in a bid to boost tax transparency.

The proposal aims to ensure that multinationals publish each year a report disclosing the profit and the tax accrued and paid in each member state on a country-by-country basis.

Govt discusses tax reforms with lenders: 50% tax rates

The Greek government’s economic team presented proposals for tax law reforms to representatives of Greece’s four creditors (EC, ECB, ESM, IMF) in Athens on Tuesday. The proposal presented included suggested tax brackets and tax rates with the highest rate at 50% and recommendations for an even higher rate.

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