G7 nations agree to set a global minimum corporate tax rate

G7 nations agree to set a global minimum corporate tax rate

By Anna Domanska - Jun 07, 2021

A group of the world’s richest nations reached a landmark deal to close cross-border tax loopholes that multinational companies abuse to shift profits to low tax offshore havens.

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U.S. Treasury floats global corporate tax rate of at least 15% in international talks

U.S. Treasury floats global corporate tax rate of at least 15% in international talks

By Anna Domanska - May 22, 2021

The U.S. has proposed that corporate around the world pay at least 15% tax on their earnings. The proposal comes as the Organization for Economic Cooperation and Development (OECD)

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Federal Government Issues Roadmap for Banks to Pool on Marijuana Businesses

Federal Government Issues Roadmap for Banks to Pool on Marijuana Businesses

By Carrie Ann - Feb 15, 2014

The Federal Government has issued regulations to banks for conducting transactions with legal marijuana businesses which are licensed and regulated as the number of states legalizi

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Citigroup’s Q1 Profits Recoiled to $2.9 Billion

Citigroup’s Q1 Profits Recoiled to $2.9 Billion

By Dhwani Shah - Apr 17, 2012

Citigroup made profits of $2.9 billion in the first three months of the year. Citigroup said that it had been helped by record revenue from processing transactions for its internat

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