The International Skating Union (ISU) voted to gradually raise the minimum competition age for senior figure skating competitions from 15 to 17 after a passionate debate at their congress on Tuesday. The decision came after Russian figure skater Kamila Valieva tested positive for a banned substance while at the Beijing Winter Olympics in February, when…
ISU to Raise Minimum Age for Senior Figure Skating Competitions to 17
The International Skating Union (ISU) voted to gradually raise the minimum competition age for senior figure skating competitions from 15 to 17 after a passionate debate at their congress on Tuesday. The decision came after Russian figure skater Kamila Valieva tested positive for a banned substance while at the Beijing Winter Olympics in February, when…
EU Proposes Law to Implement OECD Deal on Minimum Global Corporate Tax
BRUSSELS—The European Commission proposed a law on Wednesday that would implement in Europe a global deal struck among the 20 biggest world economies (G20) on a minimum tax rate for companies. The Commission proposal includes a common set of rules on how to calculate the globally agreed 15 percent effective tax rate, so that it…
EU to Draft Texts on Global Corporate Minimum Tax Deal by Spring: Macron
PARIS—The European Union will draft texts by spring 2022 on the implementation of a global minimum corporate tax deal brokered this year, French President Emmanuel Macron said on Thursday. France assumes the rotating presidency of the European Council on Jan. 1. By Richard Lough and Kirsten Donovan
Bank of America Raises US Minimum Hourly Wage to $21
Bank of America Corp. said on Wednesday it had raised its U.S. minimum hourly wage to $21, as it works to keep its promise of increasing the pay to $25 an hour by 2025. Bank of America in May disclosed plans to raise its minimum wages for its U.S. employees, joining a clutch of firms…
US Treasury’s Yellen Seeking October Agreement on Global Minimum Corporate Tax
September 29, 2021
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WASHINGTON—U.S. Treasury Secretary Janet Yellen said on Tuesday she is looking for G20 countries to reach political agreement on a global minimum corporate tax deal at their summit in October and has not ruled out a rate higher than 15 percent. Yellen, speaking to the National Association for Business Economics, said the Senate Finance Committee…
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