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The British government is preparing to tear up its post-Brexit deal with the European Union, including Irish Sea border checks. With just days to g...

Damian Wilson is a UK journalist, ex-Fleet Street editor, financial industry consultant and political communications special advisor in the UK and EU. is a UK journalist, ex-Fleet Street editor, financial industry consultant and political communications special advisor in the UK and EU. 12 May, 2021 14:36 FILE PHOTO: Head of the Task Force for Relations with the UK, Michel Barnier attends the debate on EU-UK trade and cooperation agreement during the second day of a plenary session at the European Parliament in Brussels, Belgium April 27, 2021 ©  REUTERS / Olivier Hoslet/Po...

Biden administration's Council of Economic Advisers Chair Cecilia Rouse says Americans will experience some inflation following the pandemic recession Council of Economic Advisers chair Cecilia Rouse pushed for a "global minimum tax" on corporations to counteract President Biden's proposed corporate tax rate hike. "The idea is to make sure that corporations are paying their fair share, to button up some of the loopholes, which have meant more corporations were actually putting more money offshore – off of U.S. soil – and having a global minimum tax so that we’re working with the rest of...

April 8, 2021 By Alex Vuocolo After four years of President Donald Trump's "America First" approach to the economy, the U.S. is taking the lead in a global conversation around what major companies owe the governments and taxpayers who buy their goods and services. Treasury Secretary Janet Yellen on Monday called on the world's most powerful nations to pass a global minimum corporate tax of 21 percent to create "a more level playing field" for the multinational corporations that draw profits from across the globe.  The tax could strike at the heart of a global system that rewards countries th...

By Jan Strupczewski Yellen said on Monday she was working with G20 countries to agree on a global corporate minimum tax rate to end a “thirty-year race to the bottom on corporate tax rates”. The U.S. plan envisages a 21% minimum corporate tax rate, coupled with eliminating exemptions on income from countries that do not enact a minimum tax to discourage the shifting of jobs and profits overseas. “We remain committed to ensuring that all businesses, including digital ones, pay their fair share of tax, where it is rightfully due,” European Commission spokesman Dan Ferrie told a news bri...