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White House says G7 leaders will endorse proposed 15% global minimum corporate tax

By Nandita Bose and Andrea Shalal WASHINGTON, June 11 (Reuters) - G7 leaders meeting in Britain will endorse U.S. President Joe Biden's proposal for global minimum tax of at least 15% on corporations, White House national security adviser Jake Sullivan said on Twitter on Friday. The U.S. Treasury in May proposed a global minimum corporate tax of at
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BIS official casts doubt on El Salvador bitcoin 'experiment'

By David Milliken and Huw Jones LONDON, June 11 (Reuters) - El Salvador's decision to make bitcoin legal tender is an "interesting experiment" with a speculative asset that does not pass the test for being a reliable means of payment, a senior global central banking official said on Friday. The central American country on Wednesday became the first
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Ireland Inc bets big multinational footprint can see off tax overhaul

By Padraic Halpin DUBLIN, June 10 (Reuters) - The parts of Ireland's economy that rely on the continued success of its multinational jobs machine are betting the deep roots some of the world's biggest companies have laid down can see off the threat of a global corporate tax overhaul. However a softening of Ireland's decades-long tax advantage will
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Bank regulators plot toughest capital rule for bitcoin

* Regulators plan first global crypto capital rule * Cryptocurrencies face toughest treatment * Central bank digital currencies excluded from plan By Huw Jones and Tom Wilson LONDON, June 10 (Reuters) - Banks must set aside enough capital to cover losses on any bitcoin holdings in full, global regulators proposed on Thursday, in a "conservative" st
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Google, Facebook pledged millions for local news. Was it enough?

By Helen Coster June 10 (Reuters) - Facing regulatory and political pressure, Facebook and Alphabet Inc’s Google in recent years committed a combined $600 million to support news outlets globally - many of them local or regional enterprises foundering in a digital age. Thousands of media outlets received financial and other support for everything
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