More than 130 countries agreed to set a minimum tax rate of 15 percent as governments look to end a race to the bottom on corporate taxation.
Tag: Economic Conditions and Trends
A Global Deal Aimed at Ending Tax Havens Gains Momentum
Negotiators are coalescing around a 15 percent minimum tax rate, which could be announced at a Friday meeting.
As Europe Faces a Cold Winter, Putin Seizes on the Leverage From Russia’s Gas Output
Critics claim Russia is manipulating the flow of gas to push up prices, but for Vladimir Putin it’s schadenfreude over Western European nations that he sees as unprepared.
Seeking Solutions to Global Challenges
At the Athens Democracy Forum, world leaders met to discuss the challenges democratic governments face around the world
Boris Johnson Pledges Transformed Economy for U.K.
The prime minister sketched a vision of Britain on the cusp of change, but barely mentioned the spate of fuel and food shortages that have afflicted the country in recent weeks.
How Germany’s Economy Is Hurt by Supply Chain Shortages
Europe’s largest economy is particularly vulnerable to shortages of key parts and raw materials because of its dependence on exports.
U.K. Braces for a Difficult Holiday Season Due to Shortages
Military personnel are driving transport trucks. Pig farmers may start culling their stock. Even the government says shortages will affect Christmas, as Britons brace for a challenging winter.
U.S. Signals No Thaw in Trade Relations With China
The Biden administration said it would not immediately remove the Trump administration’s tariffs and would require that Beijing uphold its trade commitments.
Battered Towns in England’s North Test Johnson’s Plan to ‘Level Up’
Prime Minister Boris Johnson has made far-reaching promises to spread the good life beyond prosperous southeastern England to neglected parts in the middle and North of the country.
U.S. and Europe Announce New Trade Cooperation, but Disputes Linger
A new trade and technology partnership aims to counter China, but tensions over issues like metal tariffs remain.