G7 leaders meeting in Britain will endorse U.S. President Joe Biden's proposal for global minimum tax of at least 15% on corporations, White House national security adviser Jake Sullivan said on Twitter on Friday.
An agreement by wealthy nations aimed at squeezing more tax out of large multinational companies could hit some firms hard while leaving others relatively unscathed, according to a Reuters analysis.
ByteDance launched on Thursday its new Volcano Engine brand to offer the proprietary algorithm used to power TikTok's personalised recommendations to more corporate clients.
President Joe Biden on Wednesday withdrew a series of Trump-era executive orders that sought to ban new downloads of WeChat and TikTok, and ordered a Commerce Department review of security concerns posed by those apps.
The main shopping streets in western European countries recorded downturns in footfall in 2020 ranging between 26.4% and 40%. In France, the number of store visitors fell by nearly 50%, according to a study.
U.S. tech giants could benefit from the agreement of the G7 rich countries' agreement to create a global minimum 15% corporate tax rate if the final deal also scraps increasingly popular digital services taxes
Google said it would make changes to its global advertising business to ensure it did not abuse its dominance, bowing to antitrust pressure for the first time in a landmark settlement with French authorities.
Anti-poverty campaigners on Monday criticised a deal reached by seven wealthy countries to impose a minimum tax on multinational companies, saying it would benefit rich nations at the expense of the poor.
Shares in U.S. technology giants were down slightly in premarket trading after the world's richest nations agreed on a landmark global minimum corporate tax deal.
The U.S., Britain and other large, rich nations reached a landmark deal on Saturday to squeeze more money out of multinational companies and reduce their incentive to shift profits to low-tax offshore havens.
Stefano Della Valle, COO of CGE, has been appointed CEO of the Central Group’s subsidiary that runs its European department stores (Rinascente, The Kadewe Group, Magazine Zum Globus and Illum) and its property portfolio.
Expectations for India’s economic growth are being revised sharply lower as a surge in people losing their jobs and defaulting on debt suggest a more halting recovery from the financial shock of the COVID-19 pandemic.
The US on Wednesday announced 25% tariffs on over $2 billion worth of imports from six countries over their digital services taxes, but immediately suspended the duties to allow time for international tax negotiations.
Financial tech start-ups in Saudi Arabia and the United Arab Emirates offering online short-term credit say they are enjoying exponential growth as the coronavirus pandemic drives a shift in consumer spending online.
The New York-based fashion brand has announced that submissions are now open for its Plastic Innovation Prize, which challenges participants to come up with biologically degradable alternatives to thin-film plastic.
