Multinationals, especially tech firms, are currently able to shift profits easily to countries with low tax rates even though they carry out only a small part of their activities there The OECD on Wednesday published a draft agreement aimed at the fairer distribution of tax revenues on profits made by large multinationals. Multinationals, especially tech firms, are currently able to …
The China Enterprise Confederation and China Enterprise Directors Association recently published the "2021 Top 100 Chinese Multinational Companies" list. Zhejiang Geely Holding Group, China's largest private carmaker, was ranked 13th on the 2021 list, the highest ranking for a Zhejiang-headquartered multinational. It is followed by Tsingshan Holding Group, Joyson Electronics, Hengyi Petrochemicals, Wanxiang Group, Zhejiang Energy Group, Hailiang Group, Huayou …
ROME — Leaders at the Group of 20 summit in Rome are expressing broad support for sweeping changes in how big global companies are taxed. White House officials are saying the global minimum would result in almost $60 billion of added U.S. tax revenue. The basic idea is simple: Countries would legislate a minimum rate of at least 15% for …
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