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Worldwide tax system


~~ ~ One hundred and thirty countries and regions, including member countries of the Organization for Economic Co-operation and Development (OECD), agreed on July 1 on a proposal to regulate corporate taxation. They set the overall minimum rate at “at least 15%”. Targeting large companies in information technology, the digital tax would apply to companies …

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(Bloomberg) – Finance ministers from the Group of 20 countries sought to give momentum to the global effort on climate change during a meeting this weekend in Venice, Italy. Keynote speakers at a conference on Sunday were US Treasury Secretary Janet Yellen and International Monetary Fund Managing Director Kristalina Georgieva. Main developments: Lagarde says most …

She expected the path to power to be difficult. More difficult than for men. “The world is not fair to women,” said Sri Mulyani. And yet, she has come a long way: in 2005, she was named Indonesia’s first female finance minister – a trailblazer in this conservative Muslim-majority country and since then a role …

Then came the world’s fastest wave of coronavirus, which left hospitals overwhelmed, pushing back dying smoke and the crematorium darkening the city sky. Years, and perhaps decades, of progress have unfolded in a matter of months, as many Indians who had escaped poverty face grim employment prospects and accumulate heavy debts to get themselves out. …

Dublin, July 6, 2021 (GLOBE NEWSWIRE) – The “Ground-Based Photovoltaic Utilities Market – Forecasts 2021 to 2026” report was added to ResearchAndMarkets.com offer. The global ground-mounted PV utility market is expected to grow at a compound annual growth rate of 9.85% over the forecast period to reach a market size of US $ 9.534 billion …

Finance ministers from UK, France, Italy, Japan, Canada, Germany and US met in London to discuss White House plan for a floor tariff international. The deal ends transatlantic tensions that have undermined years of negotiations between some 140 countries on modernizing outdated tax rules. The deal also paves the way for a broader deal between …

Tax havens in the Breezy Islands of the Caribbean have also refused to sign, including Barbados, Saint Vincent and the Grenadines. Hungary and Estonia, anxious to preserve their ultra-low tax regimes, have joined the dissidents, as have Kenya, Nigeria, Peru and Sri Lanka. A block of reluctance means “nothing is agreed until everything is agreed,” …

New York, June 29, 2021 (GLOBE NEWSWIRE) – Electric Motors Market Overview: According to a comprehensive research report from Market Research Future (MRFR), “Electric Motors Market Research Report, Engine Type, Voltage, Power Output, End Use and Region – Forecast to 2027”, The market is expected to be worth USD 176.35 billion by 2027, registering a …

introduction Digitization has profoundly changed the way people interact with each other. And it has undoubtedly improved the way we do business around the world. Following this innovative and stimulating scenario, the Organization for Economic Co-operation and Development (OECD), as well as some rich countries, have been discussing for a decade the imposition of a …