FT News Briefing Janet Yellen proposes global corporate minimum tax, the Taiwanese company at the heart of the global economy
Apr 6, 2021
Janet Yellen pushes for a global minimum corporate tax, aiming to curb tax haven exploitation. Meanwhile, bond investors are reaping rewards from pandemic-era investments. A Taiwanese chip company finds itself at the center of global semiconductor discussions, navigating political tensions while meeting rising demand. Additionally, GameStop's stock faces volatility as the company announces plans for a new share issuance amid mixed investor sentiment.
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Global Minimum Tax Proposal
- Governments worldwide should collaborate on a global minimum corporate tax.
- This aims to level the playing field for multinational corporations.
Global Minimum Tax Goals
- A global minimum tax seeks to prevent corporations from exploiting tax havens.
- This could address U.S. companies' concerns about losing competitiveness with higher taxes.
Carnival Bond Returns
- Carnival bonds initially yielded 11.5% due to pandemic risks.
- Now, despite ongoing challenges, the yield dropped below 4% because of high demand.