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...Manal Corwin, head of tax at the OECD, said: “The momentum and the drive to finish the work remains. In order to deliver, everybody needs to deliver.”...
...Shadow chancellor Rachel Reeves promised a future Labour government would cap corporation tax at its current rate of 25 per cent and retain a big tax break for British businesses....
...Reeves made the announcement to 400 senior business leaders at a business conference at the Oval cricket ground in south London....
...A glance at Britain’s experience of the past 20 years suggests that pre-election giveaways aren’t very common. Maybe, just maybe, the smartest option is no tax cut at all....
...Long seen as artefacts of the previous century, shares of these groups including Mitsubishi Corporation and Itochu have traded at typical conglomerate discounts....
...Analysts at Citi said the move was “a significant announcement, for Ericsson, AT&T, Nokia and the industry”....
...Taoiseach Leo Varadkar played down the speculation, saying “the issue doesn’t arise at the moment”....
...“We are not defensive about the future”, he said at an event hosted by the Royal Television Society in London. “We will need reform.”...
...Shares in Ericsson climbed more than 9 per cent after US telecoms group AT&T announced a tie-up worth up to $14bn to roll out “open RAN” technology with the Swedish telecom equipment maker....
...He already said during the SOTU that corporations needed to pay more taxes so expect to hear him aim his sights at corporations more as he hits the campaign trail....
...T Rowe is the sixth largest investor with a 2.3 per cent stake in the chipmaker valued at $1.2tn....
...The previous year, the company set aside nothing at all. Now, rates are rising. Varying global tax rates alter investment returns for US multinational companies....
...Corporate raiders like T Boone Pickens (who appeared on the cover of Time magazine in March 1985) took aim at over-diversified companies, often breaking them up and generating handsome gains for shareholders...
...If a name doesn’t occur, it’s because we tend to let these things go. This might be evolutionary psychology at work....
...While reserving the right to trim corporation tax in the future if she so chooses as chancellor: “We will cap the headline rate of corporation tax at its current rate of 25 per cent for the next parliament...
...At the same time, the state has moved to ease the impact of the “Don’t Say Gay” law....
...Universities are corporations, but they are supposed to foster balanced and critical thought through education....
...He added that the existence of the FICC “doesn’t prohibit us from at least going and filing the application”....
...Sadly, the Sorrento case isn’t unique....
...“Even a few new tax cuts probably wouldn’t prevent total tax revenues as a share of GDP rising to levels not seen since the late 1940s,” said Capital Economics economist Paul Dales....
...What the big banks really don’t like about the regulators’ proposal comes down, as ever, to pay. Many of the executives at big banks are rewarded, in part, on their bank’s return-on-equity calculation....
...I don’t want to read too closely into the wording of either statement, but I do think we should at least take Buffet at his word: there really is no reason to expect meaningful outperformance from Berkshire...
...Sraer suggests that the scheme has another benefit: it turns employees into corporation tax enforcement officers....
...In a remarkable turnaround, these hubs are preparing to tax multinationals at a 15 per cent rate. Some companies’ filings have already warned about the potential impact....
...Shares in Digital World Acquisition Corporation, the special purpose acquisition company with which TMTG will merge, were down about 7 per cent after Friday’s announcement....
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