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LIMA Matteo Gabbia Jersey , Oct. 10 (Xinhua) -- G20 ministers on Friday unanimously agreed to support a plan that tries to stop multinational companies from avoiding taxes by shifting profits to destinations with lower corporate tax requirements.

In a conference during the annual meetings of the World Bank Group and the International Monetary Fund in Lima, Peru, finance ministers from the Group of 20 approved the Base Erosion and Profit Shifting plan (BEPS).

The plan will see the 20 economies close numerous loopholes within international and national taxation systems, which allow international companies Mateo Musacchio Jersey , such as Google and Starbucks, to avoid paying 100 billion to 240 billion U.S. dollars in taxes a year.

The plan applies to companies with revenues of at least 750 million euros (851 million dollars) and seeks to force them to pay taxes in each country where business activities generate taxes.

Companies will also no longer be able to declare no-tax status in more than one jurisdiction and will be required to make a full report of their business activities to tax authorities in each country where they have operations. This will not impact tax breaks offered by countries to attract foreign investment, as BEPS only targets evasion of owed taxes.

While the plan is not legally binding, the Organization for Economic Cooperation and Development (OECD) Marco Storari Jersey , which was instrumental in putting it together, states in its briefing that "there is an expectation that they will be implemented accordingly by countries that are part of the consensus."

"Minimum standards were agreed in particular to tackle issues in cases where no action by some countries would have created negative spill-overs (including adverse impacts of competitiveness) on other countries," said the OECD.

Furthermore, while signatory countries will change their tax policies in accordance with BEPS Manuel Locatelli Jersey , steps have been taken to avoid issues such as double taxation.

Speaking at the announcement of the plan, OECD Secretary-General Angel Gurria stated that "base erosion and profit shifting is sapping our economies of the resources needed to jump-start growth, tackle the effects of the global economic crisis and create better opportunities for all."

Turkish Deputy Prime Minister Ceydet Vilmaz said the plan addressed "profit-shifting across borders, corporations' use of no-tax status in multiple countries and the digital economy."

MONTE CARLO Lucas Biglia Jersey , Dec. 9 (Xinhua) -- Ski federation president Gian-Franco Kasper was elected as an honorary member of the International Olympic Committee on Tuesday.

The other honorary members selected included French ski legend Jean-Claude Killy, former Saudi Arabia Olympic committee chief Prince Nawaf Faisal Fahd Abdulaziz, and India's Raja Randhir Singh.

Although probably the theme park capital of the world, a vacation in Orlando Luca Antonelli Jersey , Florida does not mean these are the only attractions to keep visitors amused. Orlando Town is also your destination for museums, galleries, historical places, edifices Leonardo Bonucci Jersey , flea markets, churches and much more. The city has been attracting tourists for a long time and justifiably so as it has just about everything the visitor could want.

It is a great place to visit even if you only have shopping on your mind as Orlando area is full of beautiful shopping malls, restaurants and shops of every type. This article highlights some of the other visitor attractions that you could see on an Orlando vacation which are not as well publicized as the theme parks but are equal in their ability to please. Although Zoos have taken a bit of criticism in recent years, their value to education and the preservation of species cannot be dismissed and the Central Florida Zoo in Sanford is one of these. The Central Florida Zoological Park and Botanical Gardens is dedicated to preserving the beauty and wonder of animals including their habitats.

Back in 1942 Jose Mauri Jersey , the Morse Museum of American Art in Winter Park started exhibiting the world's most extensive collection of the works of Louis Comfort Tiffany. The famous chapel interior commissioned for the World's Columbian Exhibition back in 1893 is also here along with many items of Tiffany jewelry, leaded glass, ornaments and clayware. Whilst Orlando may appear on the surface to be a town designed for the entertainment of children that could not be farther from the truth with adults equally well looked after. For people that prefer the night, the list of things to do on an Orlando vacation is almost endless with families Ignazio Abate Jersey , teenagers and adults all well looked after.

Another great place to visit about twenty minutes drive from Orlando Airport is The Orlando Science Center, originating back to 1955; it is a huge complex with over two hundred thousand square feet of exhibition space spanning ten halls. Then there is the International Trolley and Train Museum where you can see toy trains from the 1920s; plus take a ride in a California Victorian-style half openhalf closed trolley car. If you have seen the Titanic-ship of Dreams film then you will enjoy the exhibition along International Drive that tells the story using large sets and depictions from the ship as a background.

Away from all the hustle is the wonderful Lake Eola Park in the heart of downtown; it has beautiful sidewalks in over forty acres where it is possible to spend a few peaceful hours. However, there aren't that many visitors who visit Orlando without a trip to one of the four main Disney theme parks or the equally impressive Universal studios; where a person's age really doesn't matter. Whatever you want from a vacation, Orlando can supply and you don't have to work hard at finding it either; next time you are there Hakan Calhanoglu Jersey , try some of the other attractions, you won't be disappointed.

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