[ad_1] The finance ministers are scheduled to meet in Washington, where they’ll review proposals by the Paris-based Organization for Economic Cooperation and Development (OECD) — the group tasked with overhauling tax rules that date back to the 1920s. The new rules may create a corporate income tax of a few percentage points, which could make […]
Category: g20
Countries back plan to create ‘free flow’ of data across borders
[ad_1] The signatories include major countries like the US, China and Russia. However, there are already concerns as to whether or not this will lead to concrete action. Some of the participants are highly protective of their country’s data, for various reasons. China and Russia, for instance, tend to insist on companies storing data locally […]
Trump to lift some restrictions on Huawei as part of China truce
[ad_1] The change of heart leaves Huawei highly restricted. It’s still on the Commerce Department’s Entities List, preventing it doing business with US companies unless there’s explicit government approval. Trump said the US would decide on removing Huawei from the list later, and noted that there was a meeting to discuss the subject on July […]
G20 countries agree to close tax loopholes for tech companies
[ad_1] A final report on the plans would be available by 2020, according to the draft. The challenge, as you might imagine, would be obtaining a consensus from a large group includes countries like China, India and South Africa in addition to G8 mainstays like the US, UK and Russia. The US in particular has […]