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...If Europe is a technocracy and China an autocracy, America might be described as a large, bureaucratic corporation, a conglomerate that is so massive, complex, diversified and self-interested that it’s difficult...
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...The Internal Revenue Service said on Wednesday that it was preparing “dozens” of audits of large corporations, partnerships and high-income taxpayers to see if their use of jets had been properly designated...
...It establishes a global minimum corporate effective tax rate of 15 per cent for multinational companies with annual revenues of more than €750mn....
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...Instead, it filed in the Southern District of New York, claiming that venue by virtue of the fact that the non-equity general partner in some of its entities partnerships was a New York corporation....
...It is the Dutch executive’s first corporate role since stepping down as head of the oil and gas major at the end of 2022....
...The initiative’s smart design also lessens the impact of America and China’s absence. It shows it is possible to incentivise good behaviour without unanimous agreement....
...Delaware overwhelmingly remains the domicile of choice for large businesses, thanks largely to its stable and transparent corporate law regime....
...In its survey of nearly 600 CFOs, 82 per cent said their role had significantly grown in the past five years....
...for large corporations thanks in part to a transparent corporate law regime, years of legal precedent and a community of lawyers....
...It is no surprise, then, if much of the lobbying related to Scholz’s trip was for building more German-owned productive capacity “in China for China”....
...expand spare capacity in the event of a disruption that requires a surge in production....
...In the early postwar decades, America’s large multi-divisional corporations, of which General Motors was the best-known example, were seen in Europe as the model for how big business should be run....
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