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global corporate tax

Bargaining over global tax enters key stage
World

Bargaining over global tax enters key stage

  • The deal now goes to the Organisation of Economic Co-operation and Development (OECD), which is overseeing two days of talks starting Wednesday to find a consensus among 139 countries.
Published 27 Jun, 2021 03:06pm
Wall Street flat; tech shares shrug off G7 tax deal
Markets

Wall Street flat; tech shares shrug off G7 tax deal

  • QTS Realty surges on reports of deal with Blackstone.
  • Biogen gains ahead of FDA decision on Alzheimer's drug.
  • "Meme stocks" extend rally led by retail participation.
  • Indexes down: Dow flat, S&P and Nasdaq dip 0.13%.
Published 07 Jun, 2021 08:46pm
Italy welcomes US proposal for minimum global corporate tax of at least 15pc
Markets

Italy welcomes US proposal for minimum global corporate tax of at least 15pc

  • Washington on Thursday offered to accept a rate of at least 15% during international negotiations, significantly below its proposed 21% minimum for US multinational firms.
  • "The possibility of reaching a global and consensus-based solution is now concrete," Italian Economy Minister Daniele Franco said in a statement.
Updated 21 May, 2021 06:57pm