Some 130 countries have agreed to a global minimum tax backed by US President Joe Biden as part of a global effort to prevent multinational companies from evading tax by shifting their profits to countries outside of low rates. The deal announced Thursday is an attempt to address the challenges posed by a globalized and …

The stock market advanced as a lull in corporate news left many buyers on the sidelines. The benchmark S & P / NZX 50 gained 14.776 points, or 0.1%, to 12,654.60 on Wednesday. “It’s a bit of a mixed bag overall,” said Hamilton investment adviser Hindin Greene Grant Williamson. “Concerns about interest rates and inflation …

Goldman Sachs Petershill Fund Offshore Holdings (Delaware) Corp. is liable for New York City general corporation tax on its capital gain from the 2010 sale of its stake in a hedge fund manager, Claren Road Asset Management LLC. The New York City Tax Appeals Tribunal ruled that the Petershill Fund’s capital gain was attributable to …

Stripped of all its complexity, the fundamental question of corporate tax is whether investors want increased profitability by avoiding tax, which is a race to the bottom. Many investors have joined this race, mostly passively. But big changes are underway and EU investment professionals would be unwise to ignore them. Jason Ward, Founder and Senior …

Representative image | Photo credit: AP Highlights S&P: ONGC’s earnings will benefit from the rise in the price of crude during FY22 NTPC considers IPO of NTPC Renewable Energy branch to raise funds Dr Reddy’s says Sputnik V launch delayed due to testing and import issues L&T Technology partners with US cloud software provider to …

SPRING SILVER, Md., June 28, 2021 / PRNewswire / – IJJP (OTC: IJJP) Removal of the stop sign: the current information status in pink is awaiting the final review by the OTCIQ. We anticipate by the 30 June 2021, for a decision to be rendered. All required documents have been submitted to OCTIQ to publish …

Japanese company Yakult Honsha is a company foreign investors may not be familiar with, even though they are familiar with its most famous product, the red-top yogurt-like probiotic drink sold in many parts of the world. The company is also an interesting study on Japanese corporate governance and the relationship of mid-sized listed companies (Yakult …

Corporate governance in the UK is about to undergo its biggest transformation in a generation. Next month, the government’s consultation on the powers held by the new Audit Regulatory and Governance Authority (ARGA), closes. Some of the proposals are seismic, driven by corporate scandals, and could mean directors of public companies, large AIM-listed companies and …

~~ ~ The report of an external investigation into Toshiba Corporation recently came out, concluding that the company unfairly handled its general meeting of shareholders last year. As requested by Toshiba, the Japanese Ministry of Economy, Trade and Industry took advantage of the Foreign Exchange and Trade Control Law to intervene on behalf of management …

Improvements in corporate governance in Japan have been particularly notable in recent years, with governance reviews and other codes being the latest examples of internal pressure. Money officials also stressed the importance of former Prime Minister Shinzo Abe’s push for structural reforms in 2012 through his “three arrows” economic policy. “The priority given by the …