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The UNCAC states that the conflict of interest is a criterion which determines what information should be disclosed [citation needed].The Organisation for Economic Co-operation and Development (OECD) defines conflict of interest as "a conflict between the public duty and private interests of a public official, in which the public official has private-capacity interests which could improperly ...
Bhutan's hydropower potential and its attraction for tourists are key resources. The Bhutanese Government has made some progress in expanding the nation's productive base and improving social welfare. In 2010, Bhutan became the first country in the world to ban smoking and the selling of tobacco. In order to stamp out cross-border smuggling ...
Bhutan has regulated corporations since 1989, most recently under the Companies Act of 2000. [5] These regulations include taxation of corporate income. [5]: pp. 112–3, 120–1 As of 2011, Bhutan's Corporate Income Tax rate was 30 percent on net profits; in addition, the Business Income Tax was another 30 percent on net profits. [6] [7]
There are jurisdictions of sovereign nation states that require declaration of the taxpayer's balance sheet (assets and liabilities), and from that ask for a tax on net worth (assets minus liabilities), as a percentage of the net worth, or a percentage of the net worth exceeding a certain level.
Banking in Bhutan, a small country in East Asia, is an industry that has grown slowly as the country has pursued modernization.The country has a vibrant informal culture of finance which only weakly integrates formal financial services.
The SAR or the Gelephu Mindfulness City will have its own laws and systems and the development will start through Foreign Direct Investment. The Monarch of Bhutan has held a talk with the Prime Minister Narendra Modi of India on the project and a possible 58 km railway connection between Gelephu of Bhutan and Kokrajhar of Assam, India, was ...
A walkout by baristas at Starbucks expanded on Tuesday, as more workers joined at five-day labor action against the coffee giant in a protest that comes to a close later in the day.
With the historic enactment of the Royal Monetary Authority Act of Bhutan 2010, and the appointment of Bhutan's first Central Bank Governor, Dasho Daw Tenzin by the 5th Druk Gyalpo on August 18, 2010, the status of the RMA has been elevated to that of an autonomous Central Bank with greater powers in terms of its mode of functioning and ...