#mncs — Public Fediverse posts

You'll be unsurprised that the OECD has agreed to give the US the 'carve out' Trump demanded from minimum corporate taxation that was initially agreed in 2021.

There is now also a review point to allow any country that has introduced 'minimum tax requirements' on corporations to also gain a carve out for their multinationals - leaving Multinational Corporations' tax planning largely in pace & whatever the OECD says, watering down the intent of the original agreement.

#tax #MNCs
h/t FT

#Corrupt #regime legalizes corruption🤬👎

#Trump pauses enforcement of law banning foreign #bribery
"ordered a pause in enforcement of #federal #law aimed at curbing #corruption in #MNCs.. Foreign Corrupt Practices Act makes it illegal for cos tt operate in #USA to pay foreign #government #officials to secure biz. Cos tt hv paid fines under e Act incl Siemens, Ericsson &, in a case in 🇹🇭, US farm equip maker Deere. 2020 #GoldmanSachs agreed to pay >$2.9b to resolve charges"
https://www.bangkokpost.com/business/general/2959030/trump-pauses-enforcement-of-law-banning-foreign-bribery

The Fifth #Qingdao #Multinationals #Summit, held on August 28 in #Shandong province, highlighted the crucial role of #multinational #corporations (#MNCs) in #China's #modernization. The Ministry of Commerce's International #Trade and #Economic #Cooperation Research Institute released the report "Multinationals in China: Sharing New Opportunities of #Chinese Modernization," underscoring the optimism among foreign #investors about China's #market potential. https://cnbusinessforum.com/qingdao-summit-highlights-mncs-role-in-chinas-modernization-journey/

If You Have an Enemy, Then Buy Them a Car: Gig Workers vs. Multinational Corporations in India

"In conversations with gig workers based in Bangalore and Kolkata, I investigated how gig work compounds the insecurity and precarity of already-marginalized groups in India, particularly along caste, class, and citizenship status lines," writes Agnee Ghosh.

#GigWorkers #economy #labour #labor #ola #uber #swiggy #zomato #AIGWU #caste #religion #discrimination #CasteDiscrimination #islamophobia #CAS #NRC #unemployment #business #MNCs #india

https://logicmag.io/supa-dupa-skies/if-you-have-an-enemy-then-buy-them-a-car-gig-workers-vs-multinational/

#Chinese #automotive company #SAIC, owner of brand name #MG Motors, and maker of cars like #Hector, #Astor and ZS EV, preparing to #exit #India. Advised a friend recently looking to buy a #car to not go with foreign cars but to stick with Indian brands, not because they're better, but because #Modi regime plans to kick out all competing foreign brands and #MNCs. Hope she's thanking me now 😂.