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US business groups team up to oppose tax rises

A coalition of 28 business groups has been formed in response to tax proposals by the Biden administration. ....

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UK minister signals hopes of compromise over global corporate tax rate

UK minister signals hopes of compromise over global corporate tax rate
Tue, 25th May 2021 05:42
(Alliance News) - US President Joe Biden s proposals for a global minimum rate of corporation tax are a good start needing compromise, a UK treasury minister has suggested.
Jesse Norman quoted a comment piece from the Financial Times which welcomed the prospect of reform to ensure multinational firms, such as tech giants, pay a fairer share of tax.
The UK government has previously insisted it wants an international solution to the tax challenges posed by the rise of the tech giants and the digital economy but argued that reform should focus on making multinationals pay more tax in the countries where they make sales and operate. ....

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US business groups team up to oppose tax rise proposals

BBC News
Published
image captionPresident Biden s administration has proposed funding infrastructure spending largely through tax increases
US business groups have teamed up to form a coalition opposing tax increase proposals by the Biden administration.
The US government is proposing a global minimum corporation tax rate, as well as increasing the tax in the US to pay for infrastructure projects.
Twenty eight industry groups have now created an alliance called America s Job Creators for a Strong Recovery .
One organiser for the new group said the tax proposals could not come at a worse time .
The alliance has been formed as President Biden is seeking to pass a $2.3tn (£1.7tn) infrastructure package, which would direct billions to initiatives such as charging stations for electric vehicles and eliminating lead water pipes. ....

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Alphawave IPO Flops 19 Percent After London Stock Exchange Debut, Global Tech Firms Race For Funding

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Glasgow Financial Alliance for Net Zero: Mark Carney to chair net zero umbrella forum for global financial sector

Glasgow Financial Alliance for Net Zero: Mark Carney to chair net zero umbrella forum for global financial sector
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GBANZ aims to ensure commitments across all parts of the financial sector are ‘coordinated and ambitious’, but campaigners warn scheme falls short of aligning sector s activity with global climate goals
Many of the world s biggest banks, asset managers, insurers, and asset owners have joined forces to form the Glasgow Financial Alliance for Net Zero (GFANZ), an initiative that aims to work as an umbrella organisation for the various net zero coalitions launched by the financial sector. ....

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