TOKYO -- The Organization for Economic Cooperation and Development is proceeding with a U.S. proposal to set an international rule on what companies are subject to a digital services tax, the intergovernmental organization told about 140 countries and regions participating in the negotiations.
The OECD discussed a number of calculations under the proposal put forward by the U.S. in April. The tax would affect about 100 global companies that exceed a certain standard based on profit margin and revenues.
The Expanded Reach Of States For Sales & Use Tax Purposes – More Than Just E-Commerce Retailers
All states but one that impose a sales and use tax now have laws requiring out-of-state companies to collect tax if they have a significant economic presence in a state. The Governor of Missouri, the last remaining state, is expected to sign a similar law this month. The change stems from a 2018 United States Supreme Court case, the impact of which is far broader than many realize.
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Elon Musk Leaves Europeans Guessing on Location of Future Tesla Plant | Barron's
A quick visit by Elon Musk to Luton airport near London a few days ago came as the U.K. government is courting the Tesla founder, hoping he might build his next electric-car factory in the country. But Musk also said on Friday that he is considering Russia as a possible location.
The Stock Market Is Crazy. Why It Makes Total Sense. | Barron's
Yes, the market has appeared particularly chaotic of late, with stocks dropping, jumping, dropping, and jumping again. But take a step back, and first-quarter earnings season—now nearly over—explains much of the action.
How good is Germany to its super rich?
It's an election year and the fight against inequality is becoming a hot topic. The number of millionaires and billionaires in Germany is growing. How much does Germany favor the very rich to get even richer?
When property, business capital, savings, and investments are also taken into account, the numbers jump: Well over 2 million Germans have a net worth of $1 million according to Credit Suisse's 2020 Global Wealth Report. It also ranked Germany third globally in terms of individuals worth $50 million or more. And according to the Forbes 2021 Billionaire's List, Germany is number four in the world for its billionaire population of 136.
Virtus Global Multi-Sector Income Fund Declares Distribution
This distribution represents a per annum distribution rate of approximately 7.64% based on the market price of the fund's shares of $12.56 as of the close of the New York Stock Exchange on May 19, 2021 and approximately 7.91% based on the fund's net asset value (NAV) of $12.13 as of the same date.
The fund's monthly distribution rate has been reduced by $0.02 per share, effective with the June 18, 2021 distribution, in order to provide a distribution rate that is more sustainable in the current environment of historically low interest rates.
IRIS Talks Cross-Border Payroll Innovation | PYMNTS.com
Finance leaders taking charge in digital transformation are finding ways to optimize workflows beyond accounting, accounts payable (AP) and accounts receivable (AR). Payroll , as it turns out, can be a strategic function of both the finance and HR departments.
No longer merely an avenue for capital outflows, payroll is a critical function of attracting and retaining talent, and emerging technologies can ease employers away from the inflexible legacy of the biweekly or monthly payday cycle.
Williams Reports First Quarter 2021 Financial Results | Business Wire
"First quarter results were consistent with our sales and profitability expectations, and we reaffirm our previously-issued guidance for the remainder of the year," said Tracy Pagliara, President and CEO of Williams. "The lower revenue, and less favorable project mix, impacted bottom line results, but we continued to build and diversify our backlog – and expect to hear soon on a major expansion of work related to the upcoming Indian Point nuclear decommissioning project in New York.
Revenue in the first quarter of 2021 was $60.9 million compared with $66.1 million in the first quarter of fiscal 2020, reflecting $15.4 million of lower revenue tied to the Vogtle 3 & 4 nuclear construction project, partially offset by a $3.8 million increase related to decommissioning work and higher sales across other areas of the business.
DAC6 Directive Liabilities And The Effects Of The Directive On Turkish Companies - Tax - Turkey
Base Erosion and Profit Shifting Action Plan ("BEPS") was created by OECD member countries, which was approved by G20 Leaders in September 2013. The Action Plan, which was formed in a very comprehensive form in 2 years, consists of 15 items. Although the basic lines of BEPS were approved by OECD member countries and G20 leaders in Antalya on 15-16 November 2015, it continues to be shaped by new regulations.
Action 12 of the Base Erosion and Profit Shifting Action Plan plans to prevent tax avoidance by obliging taxpayers to explain their aggressive tax planning and emphasizes the need to impose sanctions on taxpayers who do not fulfill these obligations. 1
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