Finance Ministers of the G20 in Conjunction with the OECD

question 8

True/False

Finance ministers of the G20 in conjunction with the OECD created an action plan to stop basis erosion and profit shifting (BEPS) in an effort to stop illegal activity.

---

Definitions:

Actual Authority

The express and implied powers that an agent has been legitimately granted by a principal in an agency relationship.

Exceed

To go beyond the limits or expectations of something.

Unforeseen Emergency

involves situations or events that could not have been reasonably anticipated and require immediate action to prevent or mitigate harm.

Power of Attorney

is a legal document that grants one person the authority to act on behalf of another person in legal or financial matters.