Organization of Economic Cooperation and Development

Firms evade tax: Treasurer

Treasurer Charles Abel revealed that this problem seemed to be cropping up in a particular industry, hence the engagement of international experts.

Relating to income tax, Treasurer Charles Abel said a particular industry has been consistently declaring losses.

And this is one of the problem areas that will be looked at, now that PNG has entered into an agreement with the Organization of Economic Cooperation and Development, or OECD.