FT News Briefing US corporate tax offer to the world, ShareChat valued at $2.1bn, Vaccitech IPO
Apr 8, 2021
Discover the Biden administration's bold proposal for a global minimum corporate tax, aimed particularly at tech giants. Dive into the intriguing IPO plans of the biotech company behind the AstraZeneca vaccine, now facing unique market challenges. Meanwhile, Indian social media platform ShareChat is surging in popularity, thanks to TikTok's ban. Lastly, a privacy complaint against Google raises serious questions about user tracking in Europe, showcasing the ongoing battle for digital privacy rights.
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Global Minimum Tax Proposal
- The Biden administration offered other countries taxing rights on profitable companies.
- This is in exchange for support of a global minimum corporate tax proposal.
Vaccitech IPO
- Vaccitech, the company behind the Oxford/AstraZeneca vaccine technology, filed for an IPO in New York.
- It's expected to price its offering soon, despite recent concerns about the vaccine.
ShareChat's Rise
- ShareChat, an Indian social media company, benefited from India's ban on Chinese apps, including TikTok.
- It raised $500 million to grow its short-video app Moj, now valued at $2.1 billion.