Latest News for: Corporate offshore

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What is a global minimum tax and how could it affect companies, countries: Here's an explainer

The Times of India 14 Apr 2021
Yellen said earlier this month that she is working with G20 countries to agree on a global minimum, which she said could help end a "30-year race to the bottom on corporate tax rates." ... The Trump administration took a first stab at capturing revenues lost to tax havens with a US corporate offshore minimum tax in 2017.
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Explainer-What is a global minimum tax and how could it affect companies, countries?

Metro USA 14 Apr 2021
government behind a push for a global corporate minimum tax rate, possibly carving a path to a long-sought deal updating international tax rules for the first time in a generation ... corporate offshore minimum tax in 2017 ... Therefore, if countries agree on a global minimum, governments could still set whatever local corporate tax rate they want.
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New restrictions in Maharashtra from today. Here’s what’s allowed

Hindustan Times 14 Apr 2021
The restrictions will come into force from 8pm on Wednesday ... UPDATED ON APR 14, 2021 08.21 AM IST ... Banks, including cooperative, PSU and private-sector banks, non-banking financial corporations ... • Petrol pumps, petroleum-related services, offshore/onshore production, cargo services. • Offices of state and central government; municipal corporations ... ....
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Press Briefing by Press Secretary Jen Psaki, NIAID Director and Chief Medical Advisor to the President Dr. Anthony Fauci, and COVID-19 Response Coordinator Jeff Zients, April 13, 2021

The White House 14 Apr 2021
None of that happened.  There were stock — stock buybacks, more incentives to offshore, record compensation for executives.  We have seen countless studies where the biggest impacts to these corporations would likely be on capital. .
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Turkey ranks as 5th biggest wind investor in Europe

Anadolu Agency 13 Apr 2021
Germany and France also invested the most in onshore wind and France financed its second and third offshore wind farm ... "Bank finance remains crucial, and more and more of it is project-specific rather than corporate debt, especially in offshore wind," the report said.
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FACT SHEET: The American Jobs Plan Supports Small Businesses

The White House 13 Apr 2021
President Biden’s plan will reward investment at home and fundamentally shift how countries around the world tax corporations so that big corporations can’t escape or eliminate the taxes they owe by offshoring jobs and profits from the United States and pay a lower tax rate than small businesses.
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Rights Groups Say Villagers Not Compensated for East Africa Oil Pipeline

Voa News 13 Apr 2021
But rights groups representing hundreds of families who will be displaced by the project tell a different story ... The Uganda National Oil Company and Tanzania Petroleum Development Corporation will each hold 15 percent, and the China National Offshore Oil Corporation, or CNOOC, will own the other 8 percent ... .
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Letter: Corporate Taxes

The St Helens Chronicle 12 Apr 2021
American corporate federal tax receipts reached its zenith in 1944 America providing a whopping 25% of tax revenue ... By 2017 corporate America had long ago adjusted to one of the highest corporate rates in the world by offshoring their businesses.
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ANALYSIS - US Global Minimum Tax Plan Will Likely Kill Competition Before Leveling Field

Urdu Point 12 Apr 2021
President Joe Biden wants to raise corporate taxes within the United States to 28 percent from 21 percent to compel American companies to pay more in funding his $2.2 trillion infrastructure plan ... The island of Jersey, which has zero corporate tax, has been the offshore haven to park the profits of Apple.
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UPDATE - ANALYSIS - US Global Minimum Tax Plan Will Likely Kill Competition Before Leveling Field

Urdu Point 12 Apr 2021
President Joe Biden wants to raise corporate taxes within the United States to 28 percent from 21 percent to compel American companies to pay more in funding his $2.2 trillion infrastructure plan ... The island of Jersey, which has zero corporate tax, has been the offshore haven to park the profits of Apple.
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Cal Thomas: President Biden is no capitalist

News & Record 12 Apr 2021
“Convincing other countries to impose a global minimum tax would reduce the likelihood of companies relocating offshore, as Biden seeks to increase the corporate rate from 21% to 28%.” ... Former President Trump’s reduction in corporate tax rates persuaded some businesses to move back to the U.S.
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Uganda, Tanzania sign major pipeline project agreement

Ghana Web 12 Apr 2021
Uganda's President Yoweri Museveni signed on Sunday the East African Crude Oil Pipeline project agreement with his Tanzanian counterpart Samia Hassan Suluhu ... the Kingfisher field, which is operated by China National Offshore Oil Corporation Ltd, and the Tilenga field, operated by Total S.A ... .
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Virginia police officer fired after violent stop of Black Army officer. Governor calls for state investigation.

Yahoo Daily News 12 Apr 2021
The town of Windsor, Virginia, said Sunday that one officer has been fired and another disciplined over an arrest in December that went viral on social media over the weekend. Virginia Gov ... Nazario was released without charge ... The immense untapped potential of offshore wind. 7 brutally funny cartoons about Mitch McConnell's corporate hypocrisy. .
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With key deals, Uganda’s nascent oil sector nears maturity

Federal News Radio 12 Apr 2021
Insight by ServiceNow ... Total and its investment partner in Uganda, the China National Offshore Oil Corporation, must honor commitments to award about 30% of the contracts to suppliers of Ugandan origin, said Robert Kasande, permanent secretary with Uganda’s Ministry of Energy and Mineral Development ... Read more. Business News ... All rights reserved.
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