The global minimum tax has its share of sceptics who foresee higher taxes and other economic hits from the scheme aimed at large multinationals that avoid paying taxes by shifting profits to tax-friendly countries.
Global Corporate Minimum Tax Skeptics Say ‘Cartel’ Will Lead to Higher Taxes
Talks Over Global Minimum Tax Pushed by US Gains Momentum
WASHINGTON—Treasury Secretary Janet Yellen urges other countries to support a global minimum tax rate for corporations, which is crucial for funding President Joe Biden’s infrastructure proposal, called the American Jobs Plan. The Biden administration proposes substantial tax increases on U.S. corporations to pay for the $2.3 trillion plan aimed at boosting investment in infrastructure, clean energy, manufacturing,…
Database Reveals Secrets of China’s Loans to Developing Nations, Says Study
March 31, 2021
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AfricaChinaChina Business & EconomyChinese Regimedebt burdensdeveloping countriesG20InternationalWorld
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DAKAR—The terms of China’s loan deals with developing countries are unusually secretive and require borrowers to prioritize repayment of Chinese state-owned banks ahead of other creditors, a study of a cache of such contracts showed on Wednesday. The dataset—compiled over three years by AidData, a U.S. research lab at the College of William & Mary—comprises…
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