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 Proposes Law to Implement OECD Deal on Minimum Global Corporate Tax
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
Analysts Cut Asia’s Corporate Earnings Estimates on Growth Concerns
October 21, 2021
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Asian companies’ earnings have been downgraded for the first time in 16 months, data shows, on concerns over slowing growth in China and on worries that higher inflation and supply chain disruptions would weigh on profits. According to Refinitiv IBES estimates data, MSCI Asia-Pacific companies’ earnings estimates for the next 12 months have been cut…
Japan Wholesale Inflation Hits 13-Year High, Squeezing Corporate Profits
TOKYO—Japan’s wholesale inflation hit a 13-year high in September as rising global commodity prices and a weak yen pushed up import costs, putting pressure on corporate margins and raising the risk of unwanted consumer price hikes. Rising input costs are adding strain for manufacturers already hit by supply constraints and clouding the outlook for the…
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…
Boom for Banks as M&A and Pandemic Boost Corporate FX Needs
LONDON—A boom in corporate dealmaking, surging input costs, and a focus on short-term cash flows in the pandemic have sent companies rushing to hedge their currency exposures this year, giving a boost to banks that sell foreign exchange products. Corporate treasurers say the pandemic, which sent revenues tanking in 2020 before this year’s sharp rebound,…
How to Transform Your Office Into a Collaboration Destination
By Sean McDermott 70 percent of executives plan to get employees back to their desks at least part-time by fall 2021, according to a LaSalle Network survey. In fact, JPMorgan and Goldman Sachs are already well on their way to getting their people out of homes and back into commercial office spaces. My question to these corporate…
Strategies To Build Your Own Corporate University
By Daniel Marcos One of the main characteristics of fast-growing organizations is that they have a culture of learning that works as an engine of growth, innovation, and profitability. These companies stand out for creating their own corporate universities, in which they integrate training programs that depart from the traditional educational model. Some of the results that we can…
To Protect Free Markets, Curb Corporate Power
Commentary Corporate power must be curbed to preserve free enterprise and stave off socialism, stated Milton Friedman and Jane Jacobs, two of the great public intellectuals of the 20th century. Fifty years before corporate leaders such as Facebook’s Mark Zuckerberg and Google’s Sergey Brin told their companies to fight climate change, oversee election integrity, and…
Afraid
I read all the articles on why the election was lost by President Donald Trump and the excuses are legion. It all boils down to the brainwashing of America by the Left. They have brainwashed the public into being afraid to call nonsense exactly what it is, for fear of being called a racist. Dumb…
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