Biden Proposes Global Reforms to End ‘Profit Shifting’ to Tax Havens
By: The Guardian April 8, 2021 President Joe Biden has proposed sweeping global tax reforms that would limit the ability of multinational corporations to shift profits overseas, while taking steps to forge a landmark agreement on a worldwide minimum tax rate. The proposals are designed to tackle the very low rates of tax paid by […]
China’s Rulers Want More Control of Big Tech
By: Economist April 8, 2021 China’s tech tycoons have not been themselves lately. In early March, at the annual session of China’s rubber-stamp parliament, Pony Ma called for stricter regulation of Tencent, the $700bn online empire he founded. Days later a rising star, Simon Hu, left his post as chief executive of Ant Group, a […]