Leigh Thomas

Virus variants threaten global recovery, G20 warns

Jul 12 2021

VENICE, Italy (Reuters) -An upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world's 20 largest economies warned on Saturday. | Video

In overture to U.S., EU's Gentiloni says G20 deal is priority on corporate tax

Jul 10 2021

VENICE The priority in corporate tax reform is to go ahead with a global G20 deal, European Economics Commissioner Paolo Gentiloni said on Saturday when asked about whether European Union's digital services levy plan may be postponed.

REFILE-G20 signs off on tax crackdown, warns on virus variants

Jul 10 2021

VENICE, Italy, July 10 Finance chiefs of the G20 large economies endorsed a landmark move to stop multinationals shifting profits to low-tax havens at talks on Saturday where they will also warn that coronavirus variants threaten the global economic recovery.

Global corporate tax overhaul faces rocky road to completion

Jul 06 2021

PARIS A long road strewn with potential political pitfalls lies ahead for countries seeking to end a race to the bottom on international corporate tax, even though 130 of them have agreed to overhaul the way multinationals are taxed.

Home workers questioning jobs, supply-chain havoc weigh on French recovery

Jul 04 2021

AIX-EN-PROVENCE, France A shortage of qualified workers, doubts raised by working from home and supply-chain havoc are proving problematic for some companies as they try to ride France's recovery from the pandemic but struggle to fill vacancies, business leaders said.

130 countries back global minimum corporate tax of 15%

Jul 01 2021

PARIS (Reuters) -Most of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules on where companies are taxed and a tax rate of at least 15%, they said on Thursday after two days of talks.

France strives for global green leadership with climate disclosure rules

Jun 22 2021

PARIS France is striving to confirm its position as a global leader in corporate climate disclosures with a new set of binding targets that require investors to declare how green their assets are and set greenhouse emissions goals every five years.

Exception to the rule? G7 deal on tax triggers carve-out talk

Jun 10 2021

PARIS With the foundations for a global tax deal finally laid down by the G7, officials are limbering up for a clash over exemptions and other carve-outs for specific industries and special economic zones, with China at the centre.

UK pushes for financial services to be exempt from G7 global tax plan

Jun 09 2021

PARIS/LONDON British finance minister Rishi Sunak is pushing for financial services firms to be exempt from a new global tax system which was agreed last week by the Group of Seven (G7) economies, sources familiar with the negotiations said.

World News

'Pingdemic' puts Britain's food supply under strain

LONDON (Reuters) -British supermarkets said on Thursday that some products were in short supply and petrol stations had been forced to close after the official health app told hundreds of thousands of workers to isolate following contact with someone with COVID-19.