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The political will shown by G7 to ensure fairness in revenue sharing is a good augury

June 10, 2021 00:15 IST Updated: June 10, 2021 00:15 IST Updated: June 10, 2021 01:24 IST The political will shown by G7 to ensure fairness in revenue sharing is a good augury Share Article AAA The political will shown by G7 to ensure fairness in revenue sharing is a good augury The Finance Ministers of the G7 nations appear to have heeded the advice to ‘never let a good crisis go to waste’ when they agreed last week to set a global minimum tax of at least 15%. With the COVID-19 pandemic having caused the world economy to shrink by an estimated 3.5% in 2020 and forced most countries to di...

<p><span>We, the Finance Ministers and Central Bank Governors of the G7, met virtually on 28 May 2021, and Finance Ministers met in London on 4-5 June 2021, joined by the Heads of the International Monetary Fund (IMF), World Bank Group, Organisation for Economic Cooperation and Development (OECD), Eurogroup, and (on 28 May) Financial Stability Board (FSB). We agreed concrete actions to address today&rsquo;s historic challenges and as part of our renewed and urgent effort towards deeper multilateral economic cooperation.</span></p>

Financial Measures (2021) Act Introduced April 8, 2021 - 11:15 AM Finance and Treasury Board Minister Labi Kousoulis introduced the Financial Measures (2021) Act today, April 8, which will amend several pieces of legislation with financial implications. “The changes we are proposing in this act will help bring consistency and clarity across our financial legislation and with the federal government,” said Mr. Kousoulis. “We are also transferring oversight for a number of activities to the Department of Environment and Climate Change.” The proposed act will: amend the Equity Tax Credit...

Artemis Accords: A Step Toward International Cooperation or Further Competition? NASA Administrator Jim Bridenstine gives remarks on the agency’s Artemis program (NASA HQ, https://flic.kr/p/2hXcxV6; CC BY-NC-ND 2.0, https://creativecommons.org/licenses/by-nc-nd/2.0/). On Oct. 13, the Artemis Accords Principles for a Safe, Peaceful, and Prosperous Future, commonly referred to as the Artemis Accords, were signed by their eight founding member states: Australia, Canada, Italy, Japan, Luxembourg, the United Arab Emirates, the United Kingdom and the United States. More recently, on Nov. 13, Ukra...