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New EDC human-rights policy lacks power, say workers and watchdogs - Business & Human Rights Resource Centre

New EDC human-rights policy lacks power, say workers and watchdogs Export Development Canada is declaring itself a leading defender of human rights, but workers groups and advocates say the. new policy falls well short of what’s needed. The agency, a lender and insurer for Canadian firms operating abroad, issued its first stand-alone human rights policy Wednesday, declaring itself to be “leading the way in the field of business and human rights” by setting standards for how companies it helps should behave. . United Steel Workers of Canada declared it a missed chance to show leadership in global finance, business and human rights. â€œInstead, we have a policy that uses the right words in many places, but includes enough ambiguity and ample room for discretion that it raises concerns and questions about the ability of EDC to place human rights front and centre. . The new EDC policy says that when its customers come to the attention of the new ombudsperson, it w

World Insights: Global corporate tax deal faces tough battle in U S Congress - World News

2021-07-17 05:35:56 GMT2021-07-17 13:35:56(Beijing Time) Xinhua English WASHINGTON, July 16 (Xinhua) While financial leaders of the Group of 20 (G20) major economies have endorsed a deal to overhaul international corporate tax rules, questions remain over the ability of the Biden administration to persuade a deeply divided U.S. Congress to ratify the deal, experts have said. GLOBAL TAX DEAL After many years of discussions and building on the progress made last year, we have achieved a historic agreement on a more stable and fairer international tax architecture, G20 finance ministers and central bank governors said in a communique after a meeting in Venice, Italy last week.

Ireland: Government set to abandon 12 5% tax rate, report

Ireland: Government set to abandon 12.5% tax rate, report dw.com 4 hrs ago © Provided by dw.com Ireland looks set to fall line with global calls for a 15% rate Ireland is set to drop its 12.5% corporation tax rate later this year, Irish media reported on Wednesday. While a formal decision is still to be confirmed, pressure is mounting over Ireland’s opposition to global corporate tax reform proposals. Several government sources have told the Irish Examiner that the country s major tax incentive for large multi-national firms is set to be abandoned in October. Earlier this month, some of the globe s largest economies reached a broad agreement on key aspects of a worldwide tariff which will see a minimum taxation rate of 15%.

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