By:D.K. Choudhary
Trump Bans 7 nations from Entering US on Security Issues
i. American President Donald Trump has signed an executive order on January 27, 2017 to temporarily ban visas for refugees belonging to seven Muslim-majority countries namely Trump Bans 7 nations from Entering US on Security IssuesIraq, Iran, Libya, Somalia, Sudan, Syria, and Yemen.
ii. The decision aims at protecting United States from the entry of foreign terrorists to keep the nation safe. The ban is not aimed at restricting Muslim countries from entering US.
iii. As per the order, the travelers including legal permanent US residents residing in any of the seven mentioned countries would be prohibited from entering US for 90 days. Besides, refugee admission would also be banned for 120 days.
iv. The ban is not limited to these 7 nations. A further expansion of the list may be done as per the order of the US president.
v. However, the ban would not apply to diplomats and members of international organizations.
Mauritius & six other countries joins global efforts to curb profit shifting by MNEs
i. Mauritius along with Gabon, Hungary, Indonesia, Lithuania, Malta and the Russian Federation signed the Multilateral Competent Authority Agreement for Country-by- Country Reporting (CbC MCAA).
ii. Now the total number of signatories increased to 57 while India signed the agreement in May 2016.
iii. This agreement will allows signatories to bilaterally and automatically exchange country-by-country reports with each other, as contemplated by Base Erosion and Profit Shifting (BEPS) Action Plan.
iv. BEPS refers to tax avoidance strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations
