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Aggressive tax planning is a major risk to the revenue base of many countries. As shown by some recent cases and settlements, numbers are vast. Countries have developed a number of strategies to deal with aggressive tax planning. The underpinning of any such strategy is to ensure the availability of timely, targeted and comprehensive information, which traditional audits alone can no longer deliver.

New York: The United Nations health agency today called for further investigation into a possible link between GlaxoSmithKline’s Pandemrix H1N1 flu vaccine and narcolepsy, after a Finnish study suggested children who got the shot were nine times more likely to suffer from the rare sleeping disorder.

The Chair of the OECD's Working Group on Bribery has expressed concern that the entry into force of the new Bribery Act is to be delayed.

New York: The Government of Liberia, with support from United Nations agencies, will launch a week-long measles vaccination campaign on Wednesday targeting all children in Nimba County, which hosts over 30,000 refugees who fled the political turmoil in neighbouring Côte d’Ivoire.

New York: The United Nations launched the first World Interfaith Harmony Week today with a broad range of activities around the world, including interfaith breakfasts, film screenings and talks featuring the active participation of civil society, UN entities and other intergovernmental organizations.

An International Monetary Fund (IMF) mission, led by Steven Barnett, visited Mongolia during January 20 – February 1, 2011, to hold discussions for the 2011 Article IV consultation and Post-Program Monitoring. The mission met with the Mongolian authorities, private sector, and academics to discuss macroeconomic developments and policies since Mongolia’s successful completion of the country’s Stand-By Arrangement (SBA) last year.

Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), visited Singapore on February 1 and met with Prime Minister Lee and Finance Minister Shanmugaratnam. The Managing Director commended Singapore for its impressive policy response during the recent global crisis, which has helped underpin a rapid recovery in Singapore.

New York: With the world’s population slated to top the milestone 7 billion mark by late 2011, the new head of the United Nations agency that helps countries use population data for policies to reduce poverty pledged today to focus on the largest global youth generation ever.

New Delhi: India after displaying its military might in the Republic Day parade last month is now set to show its superiority in the aerospace industry by hosting the five-day Aero India- 2011 beginning February 9.

New Delhi: Shri Ajay Maken , Union Minister of State (I/C) for Youth Affairs and Sports, today announced that the Government had decided to frame a National Sports Development Legislation soon in the larger interest of Indian sports. Explaining the roadmap of comprehensive sports legislation in a Press Conference , he said that the Ministry will put on its website the draft Bill on 20th February and will invite suggestions from the stakeholders and public for one month before taking it forward.