Economy

U.S. Treasury Secretary Janet Yellen has urged her European counterparts not to give up anti-epidemic measures too soon and to continue to stimulate the economy. During a visit to EU finance ministers in Brussels, he advocated for closer cooperation between the United States and the European Union in various policy areas, according to Secretary of State Hans Wijelpreef (Taxation). Yellen …

European Commission postpones digital tax bill The European Commission is postponing the legislative proposal for the EU tax on Internet companies and other digital platforms known as the digital tax. According to a spokesman, the EU Board is waiting daily to further expand the tax agreement reached this weekend in Venice, which is one of the twenty ‘richest’ countries in …

Ahead of the G20 summit in Venice, outgoing Minister Wobke Hogstra poses with OECD Secretary-General Matthias Gorman of Australia.Image AFP Unprecedented consensus should culminate in a major shift in the international corporate tax system. For example, this means that very large companies have to pay taxes in the country where they do business. There is still a lot of work …

Small Information Technology News Today. AG Connect provides an overview of today’s brief IT news below: Hawaii Finance Director Meng Wanshou must deal with a setback in his struggle to avoid being extradited from Canada to the United States. A Canadian judge has denied a request to use the financial institution HSBC’s documents as evidence. For Meng, the data show …

Negotiators from 131 countries have agreed to reconsider taxing the world’s largest multinational corporations. It is an attempt to thwart complex international evasion plans that cost governments billions in revenue. Globalization and the growing digital economy are big plans to better deal with the world by making it easier to move profits from one jurisdiction to another. The agreement reached …

Stellandis is investing 30 billion in electric driving Stellandis, the auto group behind brands such as Peugeot, Citroen, Opel, Fiat and Chrysler, will invest more than 30 30 billion in electric driving growth in the coming years. Founded after the merger of PSA and Fiat Chrysler, the company also promises to boost battery life. Stellandis CEO Carlos Tavares wants to …

WASHINGTON (Bloomberg) – The United States and its allies, including Germany, Japan and Britain, have openly criticized the Hong Kong authorities’ crackdown on Apple Daily and its employees. In a joint statement issued on Saturday (July 10) by the 21-nation Media Freedom Alliance, governments condemned the closure of China’s National Security Act newspaper in Hong Kong and the arrest of …

Negotiators from 131 countries have agreed to reconsider taxing the world’s largest multinational corporations. It is an attempt to thwart complex international evasion plans that cost governments billions in revenue. Globalization and the growing digital economy are big plans to better deal with the world by making it easier to move profits from one jurisdiction to another. The agreement reached …

France wants a higher minimum tax rate for global companies than the minimum 15 percent proposed so far. This was stated by French Finance Minister Bruno Le Myre during the G20 summit currently being held in Venice, Italy. Le Myre hopes to reach the top tax agreement among the world’s leading trading nations. Le Myre said he was “very confident” …

As of May 2021, exports had increased by 1.5 billion euros, 47 per cent year-on-year, and imports by 1.6 billion euros, an increase of 50 per cent. “Export and import prices have also been affected as commodity prices continue to rise,” said Evelyn Pura, Estonia’s chief analyst. It is also worth noting that the May 2020 reference base was at …