SEOUL WILL IMPLEMENT A CONVENTION THAT WILL STOP MNCs' TAX AVOIDANCE

According to officials in Seoul, the government of South Korea has decided to implement a multilateral convention that will become effective from the month of September and will work towards keeping multinational corporations (MNCs) away from taking benefits of loopholes in the tax laws as their main purpose is to avoid tax.
As per the finance and foreign ministries, the South Korean government has deposited its instrument of ratificati....