As geopolitical turbulence grows, companies are increasingly at the mercy of forces beyond corporate leadership’s control.
Globalization must be inclusive, not extractive. Multinationals can lead by example
We’re witnessing a period of dramatic adjustment in international trade, as tariffs and geopolitical tensions disrupt or reorient supply chains. However, despite these upheavals, globalization is unlikely to abate. History has shown that even the most challenging twists and turns cannot put a brake on its forward momentum.
G7 to exempt US multinationals from global minimum tax
The deal will see US companies benefit from a "side-by-side" solution under which they will only be taxed at home, on both domestic and foreign profits, the G7 said in a statement released by Canada, which holds the group's rotating presidency.OECD says sizeable progress made on sharing tax revenue on multinationals
Nearly 140 countries have taken a first step towards reaching agreement on a fairer distribution of tax revenues from multinational firms, the Organization for Economic Co-operation and Development said. Some 138 countries, which account for over 90 percent of global economic output, agreed on a first draft of a convention...
What did the G20 summit agree?
Meeting in person for the first time in two years, G20 leaders had climate change, the Covid pandemic, a tax deal and global economy worries on agenda.
G7 may lend its weight to a minimum global level of corporate tax
Biden has called for a unified minimum corporate tax rate of 15% in negotiations with the OECD and the G20 The tax will put more into government coffers battered by the Covid pandemic Finance ministers from wealthy G7 nations are on Saturday expected to announce support for a minimum global...
