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  • G7 Finance Ministers Agree Historic Global Tax Agreement

    Date 05/06/2021

    • G7 Finance ministers strike seismic agreement on global tax reform that will mean the largest multinational tech giants will pay their fair share of tax in the countries in which they operate.
    • Following two-days of talks chaired by Chancellor Rishi Sunak in London, counterparts agree to reforms which will see multinationals paying tax in the countries where they do business;
    • As part of landmark deal, finance ministers also agree to the principle of a global minimum rate that ensures multinationals pay tax of at least 15% in each country they operate;
    • Nations also agree to follow UK lead in making climate reporting mandatory, and agree measures to crack down on the proceeds of environmental crimes.

  • Statement From US Secretary Of The Treasury Janet L. Yellen On G7 Finance Ministers’ Commitment To Global Minimum Tax

    Date 05/06/2021

    The G7 Finance Ministers have made a significant, unprecedented commitment today that provides tremendous momentum towards achieving a robust global minimum tax at a rate of at least 15%. That global minimum tax would end the race-to-the-bottom in corporate taxation, and ensure fairness for the middle class and working people in the U.S. and around the world. The global minimum tax would also help the global economy thrive, by leveling the playing field for businesses and encouraging countries to compete on positive bases, such as educating and training our work forces and investing in research and development and infrastructure.

  • Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Call With European Commission Executive Vice-President And Commissioner For Trade, Valdis Dombrovskis

    Date 04/06/2021

    Earlier today, Deputy Secretary of the Treasury Wally Adeyemo spoke with European Commission Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis. Deputy Secretary Adeyemo reaffirmed the importance of transatlantic cooperation and coordination on a wide range of issues. They discussed international taxation, sanctions policy, investment security, U.S.-EU cross border data flows, combating corruption, and anti-money laundering reform and implementation. The Deputy Secretary welcomed the shared goal between the United States and European Union to make the international tax system more fair and end the global race to the bottom on corporate taxes.

  • CME Group Chairman And Chief Executive Officer Terry Duffy To Present At Piper Sandler Global Exchange And FinTech Virtual Conference

    Date 04/06/2021

    CME Group announced today that   Terry Duffy, Chairman and Chief Executive Officer, will present at the Piper Sandler Global Exchange and FinTech Virtual Conference on Thursday, June 10, 2021 at 10:30 a.m. (Eastern Time). 

  • US Department Of Justice: Latvian National Charged For Alleged Role In Transnational Cybercrime Organization

    Date 04/06/2021

    A Latvian national was arraigned in federal court in Cleveland, Ohio, today on multiple charges stemming from her alleged role in a transnational cybercrime organization responsible for creating and deploying a computer banking trojan and ransomware suite of malware known as “Trickbot.” 

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