"It's very complex to know how to tax a multinational... We desperately want it to be fair," the Apple CEO added after receiving an inaugural award from the Irish state agency responsible for attracting foreign companies recognising the contribution of multinationals in the country. … [Read more...] about Apple’s Tim Cook says global corporate tax system must be overhauled
Internet impacts on global business
The IMF also said that the global growth outlook for 2020 continues to remain highly uncertain as global growth relies on improved growth outcomes for stressed economies like Argentina, Iran, and Turkey and for underperforming emerging and developing economies such as Brazil, India and Mexico. … [Read more...] about India ‘biggest contributor’ to downward revision in global growth: IMF’s Gita Gopinath
But the Fund did not give a boost to its US growth forecast for China's pledges to increase purchases of US goods and services by $200 billion over two years. Instead, the IMF said 2020 US growth would be 0.1 percentage point lower than forecast in October, at 2.0 percent because of the fading stimulus effects from 2017 tax cuts and the Federal Reserve's monetary easing. … [Read more...] about IMF cuts global growth forecasts as India falters, says bottom may be near
Most global wealth disparities are related to gender inequities: Women own half the wealth of men, which is largely due to unpaid care work, the “hidden engine that keeps the wheels of our economies, businesses and societies moving,” says Amitabh Behar, CEO of Oxfam India. You only need to know six galling facts: … [Read more...] about 6 galling statistics about wealth inequality that show how women are paying the price
At the substantive level, the agreement stipulates that ‘China shall ensure’ that its purchases meet the $200 billion figure by 2021. The conflict with the US and western powers is also about intellectual property. According to the current deal, China would also open up for imports of manufactured goods, energy items and agriculture commodities. China is also expected to restrain its companies from acquisitions, intended to acquire technology and, thereby, cooperate with the US respecting intellectual property and address the issue of counterfeiting. … [Read more...] about Trade | How real is the truce in the US-China trade war?