News

The Global taxation movement 130 countries are backing

Published

3 years ago

July 2, 2021

130 countries have officially signed on to implement sweeping new global taxation rates for corporations.

The changes have gained momentum in recent months following U-S President Joe Biden’s push to action the changes and get other nations onboard.

Countries including India, China and Switzerland have all agreed to the new broad framework that was drafted by the Organization for Economic Cooperation and Development.

The OECD also says a group of 20 finance ministers will sign an agreement in principle next week at a summit in Venice.

The overhauls, which could be implemented as soon as 20-23, will prevent tax avoidance by multinational companies by enforcing a minimum global tax rate of at least 15-percent.

The new measures will also give smaller countries more tax revenue from foreign firms.

Some nations who have not yet signed onto the agreement include Hungary and Ireland – countries that have both previously attracted businesses due to their low tax rates.

The US Treasury Secretary says it is “an historic day for economic diplomacy.”

She says “in the United States, this agreement will ensure that corporations shoulder a fair share of that burden.

The Treasury secretary believes…we have a chance now to build a global and domestic tax system that lets American workers and businesses compete and win in the world economy.”

Related Topics:Finance global global tax Tech trending

Up Next

Will China repair its relationship with Taiwan?

Don't Miss

Trump charged: NYC prosecutors target taxes

William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Click to comment

News

Why Australia is becoming the new home of the Hollywood blockbuster

Published

2 days ago

May 17, 2024

Nathan Langridge

Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

News

Portal between countries shut down after international flashing

Published

2 days ago

May 17, 2024

Nathan Langridge

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

News

U.S. home prices surge 47%

Published

2 days ago

May 17, 2024

ticker NEWS

American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending