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Proposed Global Minimum Corporate Tax Rate Gathers More Support
President Biden’s proposal of a 15% global minimum corporate tax rate has garnered support from 130 countries and jurisdictions including China and India. The move represents the largest overhaul of the global tax system in more than a century and has the potential to curb tax avoidance by corporations that move their operations to countries…
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China Sets Economic Growth Target Above 6%
The Chinese government is aiming for an economic growth rate above 6% in 2021, after only managing a 2.3% growth in 2020. The second largest economy in the world is setting this target to mark its return to strong growth after the impact of the Covid-19 pandemic. The economy led a sharp 6.8% contraction in…
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Gold Price Drops Below Mark Again This Week
Today the gold trade market gave back almost all of December’s advance in early January, retracing some of that sell-off. Gold is currently trading below $1,850 price mark again while other precious metals like Silver gained 9.30% on Monday and today dropped 6.1% lower. Platinum gained 5.52% and today dropped 2.6% lower. Palladium gained 1.51% and today it’s 0.9% higher. …