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Even after Biden tax hike, US firms would pay less than foreign rivals

United States · 11:21 AM UTC

U.S. companies pay less income tax than their overseas competitors and would likely continue to do so under a tax hike proposed by President Joe Biden, according to a Reuters analysis of filings by hundreds of U.S. and international firms.

United StatesNative Americans decry unmarked graves, untold history of boarding schools
The Great RebootU.S. fast-food chains cut discounts, push pricy meals post-pandemic
BusinessGameStop raises more than $1 bln in latest share offer
Autos & TransportationReality check for VW in China after sluggish start for electric car series
BusinessU.S. lawmakers likely to press Powell on Fed’s ‘hawkish’ turn
TechnologyYouTube wins user copyright fight in top EU court ruling
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Talking Points

Tokyo postcards

Light and shadow ahead of pandemic Olympics

Technology

Technology · 11:38 AM UTCGoogle in EU crosshairs again with advertising antitrust inquiry

Google was in the EU antitrust spotlight again on Tuesday as regulators opened an investigation into whether its digital advertising business gives the Alphabet (GOOGL.O) unit an unfair advantage over rivals and advertisers.

TechnologyYouTube wins user copyright fight in top EU court ruling
TechnologyEXCLUSIVE Google drops engineering residency after protests over ‘inequities’
TechnologyGameStop raises more than $1 bln in latest share offer
TechnologyBollore scores win as Vivendi investors back $39 bln Universal spin-off

U.S.

U.S. · 11:57 AM UTCAs NYC faces steep recovery, voters head to polls in mayoral election

Voters in New York City head to the polls on Tuesday to select Democratic and Republican nominees for mayor, following a campaign dominated by debate over public safety as the city recovers from the pandemic and confronts a surge in shootings.

U.S.Democrats’ voting rights plan faces long odds in U.S. Senate
U.S.On 'Freedom Riders' 60th anniversary, voting activists ask Biden to do more
U.S.Flocks of students touring U.S. capital signal life is returning to normal
U.S.U.S. Justice Department backs bill to end disparities in crack cocaine sentences

Aerospace & Defense

Aerospace & DefenseBoeing lobbyist Keating, who helped steer it through MAX crisis, exits abruptly
Aerospace & DefenseAer Lingus in talks for hundreds of millions of euros in extra liquidity
Aerospace & DefenseDelta aims to hire over 1,000 pilots by next summer -memo
Aerospace & DefenseEU antitrust regulators to decide on AerCap's $30 bln GE deal by July 26

Sustainable Business

Sustainable BusinessRaters of companies’ green credentials need more oversight, UK watchdog says
Sustainable BusinessREUTERS EVENTS Governments, companies must cooperate on green targets - RWE CEO
Sustainable BusinessEngine No. 1 rolls out $100 mln ETF after Exxon board victory
Sustainable BusinessCanada’s climate plan charts hard road ahead for high-polluting oil sands

Asia Pacific

Asia PacificMandatory mask rules extended in Sydney as COVID-19 cluster grows
Asia Pacific'Harder than Everest': record-breaking female climber stranded in Nepal amid COVID crisis
Asia PacificNew Zealand PM backs transgender weightlifter's Olympic selection
Asia PacificHK court upholds decision for no jury at first national security trial

UK

UKVaccinated Brits could be back on Europe’s beaches soon - minister
UKUK health minister says data looking good on easing lockdown
UKEU’s top health lawmaker urges UEFA to move Euro final from London
UKNorthern Ireland's DUP names Donaldson as new leader

Finance

Finance'I regret any harm:' Short seller compensates target in rare move
FinanceAnalysis: Investors focus on central bank speakers after extreme market moves
FinanceEXCLUSIVE ECB policymakers at odds on inflation strategy, hope for Sept deal -sources
FinanceTrust comes before EU access for City of London -EU finance chief

India

IndiaVolunteers spread word on vaccines to India's poor after deadly COVID-19 surge
IndiaIndia’s vaccination pace expected to dwindle from first day record
IndiaIndian shares close marginally higher; financials, Reliance offset vaccine cheer
IndiaIndian court calls for probe of Renault-Nissan plant's social distancing

Sports

SportsBrazier suffers shock defeat as U.S. Olympic trials prove wicked test
SportsRaiders’ Nassib becomes first active NFL player to come out as gay
SportsParched Tokyo residents criticise reported alcohol sales plan
SportsMLB roundup: D-backs snap 17-game losing streak

Europe

EuropeYouTube wins user copyright fight in top EU court ruling
EuropeWestern sanctions bordering on a ‘declaration of economic war’, says Belarus
EuropeIn “spirit of dialogue”, Spain to pardon jailed Catalan separatists
EuropeUEFA turn down request for 'rainbow lights' in Munich

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