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Plan that would 'change the world': G7 nations 'close to historic deal to tax tech giants'

The plan to reform the taxation of tech firms and bring in a minimum level for business tax rates would "change the world".

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China-U.S. trade, economic talks start new chapter but issues remain: expert

Recent conversations between China and the U.S. indicate that a new chapter on communication on trade and other economic matters between the two countries has started,

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Keir Starmer Warns PM Johnson UK Gov’t Risks 'Losing Billions’ by Rejecting Biden’s Global Tax Plan

Keir Starmer has warned Boris Johnson that failure to support US President Joe Biden’s global minimum tax rate plan, touted as a means of cracking down on tax avoidance

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IMF 'fully supports' global corporate income tax deal

The IMF supports international taxation reform. /CFP The International Monetary Fund (IMF) called on nations to reach a global agreement on corporate income taxation this year to avoid a tax o

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U.S. Treasury's Yellen allays inflation fears over Biden spending plan

U.S. Treasury Secretary Janet Yellen. /VCG U.S. Treasury Secretary Janet Yellen on Sunday sought to dispel concerns that President Joe Biden's plans for infrastructure, jobs and families will

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Key piece of Biden’s $1.8T families plan expires after 2025

President Joe Biden couldn’t get everything he wanted into his own $1.8 trillion families plan.His proposed child tax credit is set to expire after 2025. It would provi

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'Biden leads again,' but where to?

U.S. President Joe Biden speaks while John Kerry, U.S special presidential envoy for climate listens during the virtual Leaders Summit on Climate in the East Room of the White House in Washington

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A clean digital currency can further reduce corruption

A digital Chinese currency is displayed on a mobile phone interface in Tangshan, Hebei Province, China, February 13, 2021. /Getty Editor's note: Daryl Guppy is an international financial tech

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Biden should cut corporate taxes, not raise them

U.S. President Joe Biden speaks during a meeting with a bipartisan group of members of Congress in the Oval Office of the White House in Washington, D.C., U.S., April 12, 2021. /Getty Editor's

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U.S.'s Yellen won't label China a currency manipulator: Bloomberg

U.S. Treasury Secretary Janet Yellen will not name China as a currency manipulator in her first semiannual foreign exchange report that is due to be released on Thursday, Bloomberg reported on Tuesda

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Fed chair says plans to look into digital dollar, potential impact

Federal Reserve Chair Jerome Powell (L) prepares to speak during a House Financial Services Committee hearing in Washington, U.S., December 2, 2020. /Reuters Federal Reserve chairman Jerome Po

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S&P 500 edges to record as Fed eyes inflation risk

Signs for Wall Street hang near the New York Stock Exchange in New York City, U.S., April 5, 2021. /VCG The SP 500 edged to a record on Wednesday while the Nasdaq dipped as U.S. President Joe

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Global minimum tax for corporations edges closer to reality

Multinational corporations should be taxed in the countries where they make sales, according to a proposed reform. /CFP Proposed by the United States, supported by the International Monetary F

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Strong economic data lifts Dow, S&P 500 to record closes

U.S. stocks rallied on Monday with the Dow and SP 500 closing at record levels, as a round of strong economic data buoyed investor optimism for the economic reopening and a muted climb in the 10-year

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Yellen calls for global minimum corporate tax

U.S. Treasury Secretary Janet Yellen in Wilmington, Delaware, U.S., December 1, 2020. /Reuters U.S. Treasury Secretary Janet Yellen called on other countries to join Washington in setting a gl

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U.S. COVID-19 response could have avoided 400,000 deaths: research

A critical care respiratory therapist works with a COVID-19 patient in the intensive care unit (ICU) at Sarasota Memorial Hospital in Sarasota, Florida, U.S., February 11, 2021. /Reuters The

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The vaccination gap is jeopardizing climate action

COVID-19 vaccines developed by Sinovac in Beijing, September 24, 2020. /CFP Editor's note: Justin Vaïsse is founder and director-general of the Paris Peace Forum, the fourth edition of which w