Latest News for: Offshore incentives

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Biden administration proposes its first offshore wind lease sale

The Hill 11 Jun 2021
The Biden administration has revealed that an area between the coasts of New York and New Jersey will be the location of its first proposed offshore wind lease sale, and the federal government's ninth overall ... Companies will be able to place bids on tracts of water with the goal of building an offshore wind farm.
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Italian police target Booking.com for alleged tax evasion

Metro USA 10 Jun 2021
A spokesperson for Booking.com in the Netherlands said he had no immediate comment. The move comes days after an agreement by the Group of Seven rich countries’ to create a global minimum corporate tax rate of 15% to squeeze more money out of multinational web companies and reduce their incentive to shift profits to low-tax offshore havens ... .
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EXCLUSIVE Mexico not eyeing tax hikes in fiscal reform -deputy finance minister

Reuters 09 Jun 2021
"We're not going to increase tax rates ... G20 countries, including Mexico, will consider a broader accord next month in Venice on the heels of a historic G7 deal reached at the weekend that aims to squeeze more money out of multinational companies and reduce incentives for low-tax offshore havens ... Our Standards ... More from Reuters ....
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US is far behind in developing offshore wind power

Ekathimerini 08 Jun 2021
A constellation of 5,400 offshore wind turbines meet a growing portion of Europe’s energy needs ... Offshore turbines are useful because the wind tends to blow stronger and more steadily at sea than onshore ... The $2 trillion infrastructure plan that Biden proposed in March would also increase incentives for renewable energy.
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Big tech supports global tax, but wants digital services levies axed

The Hindu 08 Jun 2021
The deal, reached Saturday, was designed to reduce companies' incentives to shift profits to low-tax offshore havens and could bring hundreds of billions of dollars into government coffers ....
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Mexico backs G7 corporate tax plan, aims to include in 2022 budget

Reuters 08 Jun 2021
... will consider a broader accord next month in Venice on the heels of the historic G7 deal reached at the weekend that aims to squeeze more money out of multinational companies and reduce incentives for low-tax offshore havens.
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A level playing field? G7 leaders strike deal to tax tech giants

Net Imperative 08 Jun 2021
The US, UK and other large, rich nations reached a landmark deal on Saturday to get more tax money from multinational companies such as Amazon and Google and reduce their incentive to shift profits to low-tax offshore havens ... After the announcement Nick Clegg, vice president of global affairs at Facebook said ... .
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U.S. is far behind in offshore wind power

Finance & Commerce 07 Jun 2021
A constellation of 5,400 offshore wind turbines meet a growing portion of Europe’s energy needs ... Offshore turbines are useful because the wind tends to blow stronger and more steadily at sea than onshore ... The $2 trillion infrastructure plan that Biden proposed in March would also increase incentives for renewable energy.
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Dollar edges up, recovering from jobs miss

Metro USA 07 Jun 2021
Elsewhere, the United States, Britain and other large, rich nations reached a landmark deal on Saturday to squeeze more money out of multinational companies such as Amazon and Google and reduce their incentive to shift profits to low-tax offshore havens.
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Dollar struggles for momentum as markets wait for inflation data

Reuters 07 Jun 2021
China's yuan hovered around the key 6.40 level, with the offshore yuan changing hands at 6.3960 ... Elsewhere, the United States, Britain and other rich nations reached a deal on Saturday to squeeze more money out of multinational companies such as Amazon and Google and reduce their incentive to shift profits to low-tax offshore havens.
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Anti-poverty groups criticize rich countries over G7 tax deal

Canada Dot Com 07 Jun 2021
... aiming to squeeze more money out of multinationals such as Amazon and Google and reduce their incentive to shift profits to low-tax offshore havens.
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Swiss will remain business-friendly after G-7 tax deal, says government

Straits Times 07 Jun 2021
ZURICH (REUTERS) - Switzerland will make sure it remains attractive to business, the government said, after Group of Seven (G7) nations reached a landmark deal to reduce the incentive of multinational companies to shift profits to low-tax offshore havens ... Cantons in turn are lowering their tax rates for normal companies to deter them from leaving ... �.
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Anti-poverty groups criticise rich countries over G7 tax deal

Reuters 07 Jun 2021
Finance Ministers from the Group of Seven advanced economies agreed on Saturday to back the creation of a global minimum corporate tax rate of at least 15%, aiming to squeeze more money out of multinationals such as Amazon and Google and reduce their incentive to shift profits to low-tax offshore havens ... Our Standards ... ....
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Dollar dips slightly as investors wait on the sidelines

Reuters 07 Jun 2021
central bank meetings and U.S ... Friday's U.S ... {.N] ... Currency investors seemed to shrug off news that the United States, Britain and other rich nations reached a deal on Saturday to squeeze more money out of multinational companies such as Amazon (AMZN.O) and Google (GOOGL.O) and reduce their incentive to shift profits to low-tax offshore havens.
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Tech giants, tax havens targeted by historic G7 deal

Shenzhen Daily 07 Jun 2021
THE United States, Britain and other large, rich nations reached a landmark deal Saturday to squeeze more money out of multinational companies such as Amazon and Google and reduce their incentive to shift profits to low-tax offshore havens ... President Joe Biden’s new administration ... U.S ... President Donald Trump, who alienated many U.S. allies ... firms ... .

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