The United States, Britain and other big, rich countries on Saturday struck a landmark deal to withdraw more money from multinational companies such as Amazon and Google and reduce their incentive to shift profits to offshore havens at low taxation. Hundreds of billions of dollars could flow into the coffers …
Read More »G7 countries approach landmark deal on corporate taxation
LONDON (Reuters) – Wealthy Group of Seven countries on Saturday will seek to overcome long-standing differences and strike a landmark deal to close the net on big companies they say do not pay enough taxes. FILE PHOTO: British Chancellor of the Exchequer Rishi Sunak speaks during a meeting of G7 …
Read More »G7 finance ministers meet in London to negotiate global tax deal
Finance ministers from the G7 group of rich countries will meet in London on Friday for two days of talks aimed at moving closer to a global deal to raise taxes on Google, Facebook and Amazon. The rally, chaired by UK Finance Minister Rishi Sunak, will be the first time …
Read More »U.S. Treasury Says G-7 Should Endorse U.S. Global Minimum Tax Proposal
First row (LR); The European Union’s High Representative for Foreign Affairs, Josep Borrell, the British Foreign Minister Dominic Raab, the United States Secretary of State Antony Blinken, (middle row from left to right) The German Federal Minister for Foreign Affairs Heiko Maas, Japanese Foreign Minister Motegi Toshimitsu and Canadian Foreign …
Read More »Irish central bank chief worried about cryptos
Share Tweet Share Share Share E-mail Derville Rowland, managing director of finance at the Central Bank of Ireland, is concerned about the proliferation of cryptocurrencies, according to The independent Monday (May 31). She said crypto assets are “quite a speculative and unregulated investment” and people should be aware that investors …
Read More »German audit office sees substantial risks in planned MES -ZDF reform
FILE PHOTO: The flags of the European Union and the German nation are pictured ahead of a debate on the consequences of the Brexit vote at the lower house of parliament Bundestag in Berlin, Germany, June 28, 2016. REUTERS / Fabrizio Bensch BERLIN (Reuters) – A planned reform of the …
Read More »Global tax deal draws closer as G-7 seeks common ground | Economy
A global deal that could reshape the tax landscape for the biggest corporations is approaching a crucial first step as the Group of Seven nations focus on a deal that could feature both a minimum rate and encompass digital giants. If the finance ministers, who were to meet virtually on …
Read More »Christopher Bates to sell his men’s collection on German premium and luxury online store Breuninger.com
TipRanks Billionaire George Soros chooses these 3 âStrong Buyâ actions Some investors achieve legendary status, far surpassing their peers through a combination of luck and success. No one is perhaps more representative of it than George Soros, the Holocaust survivor who after the war earned a doctorate from the London …
Read More »The tax on digital services could raise more than 4 billion dollars in 5 years: the PBO
According to a new report from the Parliamentary Budget Office (PBO), a proposed three percent tax on digital services for large multinational tech companies could generate more than $ 4 billion in its first five years. The federal government has presented a plan in its 2021 budget for a 3% …
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