Image: Getty Images Finance ministers from the Group of Seven (G7) countries reached a landmark agreement on Saturday to introduce a minimum global corporate tax rate of at least 15%. In a joint statement, G7 finance ministers said the tax rate would be used to target “the largest and most profitable multinational companies”. US Treasury …

June 7, 2021 Click for PDF In reaction to the dramatic collapse of Wirecard, a financial services provider then listed on the DAX, in June 2020, a law on strengthening the integrity of financial markets (Finanzmarktintegritätsstärkungsgesetz – FISG) has now been adopted after several months of intense discussion. It comes into force on July 1, …

It’s that time of year again when the company’s annual results are announced, dividends declared and executive salaries revealed. It is also that time of year when analysts look at annual reports and report breaches of “corporate governance” in listed companies. As the different seasonal “episodes” unfold, the litany about the role of the board …

Dubbed Business in Europe: Framework for Income Taxation (BEFIT), the bill is the EU’s third attempt to unify business tax in the region. With it, the EU hopes to “rethink taxation”, according to Paolo Gentiloni, the European Commissioner for the Economy in a declaration. “As our economies shift to a new growth model supported by …

President Joe Biden proposed to Republicans the idea of ​​a 15% minimum corporate tax in the United States, along with enhanced IRS enforcement efforts, as a way to fund a bipartisan infrastructure package. The proposal sets aside the Biden administration’s proposal to increase the overall corporate income rate to 28%, from 21% – a failure …

Posted on June 03, 2021 | Through Michel mezher Welcome to Regulatory Reconnaissance, your daily briefing on regulatory news and intelligence. Focus: United States Biden administrator probes risk of low-level contamination in vaccines made at ailing factory (Politics) Ejected from a struggling factory, AstraZeneca is in talks to produce a vaccine for the US government …

LONDON – A global tax crackdown on multinationals has the backing of some of the world’s biggest investors, who say the use of low-tax jurisdictions goes against the principles they are committed to. After years of negotiations over complex deals rolled out by big business, Group of Seven finance ministers meeting in Britain on Friday …

Through Taxscan team – June 3, 2021 1:32 p.m. The central government on Monday released its accounts for 2020-2021 which show that corporate tax collection fell below personal income tax collection for the first time in 12 years. The government collected corporate income tax collection for fiscal year 2021 amounted to Rs 4.57 lakh crore. …

Malta has jealously guarded its status as a ‘financial centre’ despite European attempts to coax the country over its 85% rebate to corporate taxpayers whose foreign companies obtain tax residency here. Despite widespread tax competition across Europe, large member states like France have led a massive effort to achieve a common corporate tax across the …

Representative image | Dhiraj Singh | Bloomberg Text size: A- A + New Delhi: Corporate tax collections fell below personal income tax in the past fiscal year – for the first time in years – due to the negative fallout from the Covid-19 on businesses as well as the lower tax rates that went into …