G-20 endorses global corporate minimum tax at Rome summit
Leaders of the world’s biggest economies on Saturday endorsed a global minimum tax on corporations as part of an agreement on new international tax rules, a step toward building more fairness amid skyrocketing revenues of some multinational businesses.
US, EU settle dispute over tariffs on steel, aluminum
The European Union and the United States have reached an agreement to rein in tit-for-tat tariffs that date back to the Trump administration, officials announced on Saturday.
Federal deficit totaled $2.77 trillion in fiscal year 2021, second highest after 2020
The federal budget deficit for fiscal year 2021 topped $2.77 trillion, the Biden administration announced on Friday.
Hungary Condemns EU Climate Plans
Hungary’s nationalist conservative prime minister has accused the European Union’s executive of seeking to “destroy Europe’s middle classes” with a climate package.
France Citizens To Receive ‘Inflation Allowance’ Amid Price Hikes
As Europe faces widespread discontent over world energy prices hikes, France’s government rushed Friday to promise a one-off payment of 100 euro ($116) to each of its 38 million citizens.
White House floats new tax plan to get enough Senate Democrats behind trillion dollar spending bill
The White House is considering new tax-increase plans to get enough Democrat senators to pass President Biden’s stalled multi-trillion dollar, social services and climate change package.
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