with the snore-inducing name “base erosion and profit shifting” . The idea was to create a new international agreement that would end the corporate tax “race to the bottom”. It failed to do this.
Source: News Formal (newsformal.com)
If it's fairer for business, it has to be costing the consumer something..
bring on more socialist policies and shut them all! SupportSmallBusinesses
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G7 plan ‘will slash UK tax revenue from US tech firms’ say expertsGlobal tax changes could mean Treasury loses £230m digital services tax receipts from Google, Amazon, Facebook and eBay The Chancellor said it was a great deal for everyone, right? But these experts don't even know for sure what's actually paid by who. We need to have those details, before entertaining this article. Well done The Guardian for upholding journalistic integrity once again. As long as they're attacking the UK or US they don't give a f*ck.
Source: The Guardian - 🏆 84. / 53 Read more »
G7: 'Mount Recyclemore' of leaders made from electronic waste in CornwallThe sculptor says his work highlights the need to make electronic devices more reusable. Fantastic! I would say those 'leaders' are trash but at least trash can be upcycled. BBCWorld very creative and very inspiring...
Source: BBCNews - 🏆 3. / 97 Read more »
Tell us: are you planning on joining protests at the G7 summit?We’d like to hear from people who’re planning on demonstrating during this week’s G7 summit in Cornwall UgandaIsBleeding SilentGenocideInUganda FreeAllPoliticalPrisoners MuseveniMustGo No. Should consider to join the fight between democracy and autocracy. 👍👍👍👍👍👍🐽
Source: The Guardian - 🏆 84. / 53 Read more »
Australian mining companies have paid little or no corporate income tax in PNG despite huge profitsThe Pacific country’s concessionary tax system leads to ‘undertaxed’ resource sector and ‘no equity’ for people in Papua New Guinea Koalas fault
Source: The Guardian - 🏆 84. / 53 Read more »
How the UK lost its leading role in the global fight against corruptionThe UK last hosted the G7 in 2013 but progress on David Cameron’s grand plans has been woeful Funny headline. Maybe, UK lost its leading role in the global fight against corruption to keep its title as the money laundering capital of the world. Note to EU apologists pointing crooked little fingers at Britain, corruption is one of the EU's biggest industries. I'm not defending corruption sponsored by profiteering British interests, but sort your own shit out and drop the obsession with the UK.
Source: The Guardian - 🏆 84. / 53 Read more »
Jeff Bezos and Elon Musk among billionaires who 'paid little to no federal tax for years'💸 America's wealthiest individuals, including Jeff Bezos, Michael Bloomberg, George Soros and Elon Musk, paid little to no federal income tax for years, according to leaked figures This should be criminal. It's why the working class have been so strapped. Nobody should pay taxes, period.
Source: The Telegraph - 🏆 41. / 63 Read more »