Amid Global Inflation Worries, China Moves to Tame
Prices
https://www.nytimes.com/2021/06/08/business/economy/china-inflation.html
Russia Tries to Loosen Dollar’s Grip on Finance and
Trade
https://www.bloomberg.com/news/newsletters/2021-06-08/supply-chains-latest-dollar-s-grip-on-finance-trade-is-slipping
https://www.nytimes.com/2021/06/08/business/economy/china-inflation.html
https://www.bloomberg.com/news/newsletters/2021-06-08/supply-chains-latest-dollar-s-grip-on-finance-trade-is-slipping
Paul Krugman on attempts to impose a global minimum
corporate tax on MNCs:
https://www.nytimes.com/2021/06/07/opinion/yellens-new-alliance-against-leprechauns.html
To put this in a broader context, what we’re looking at here is the beginning of an attempt to fix a system that is rigged against workers in favor of capital. Workers have few ways to avoid income taxes, payroll taxes and sales taxes besides actually moving to another country. Multinational corporations, which are ultimately owned in large part by a small wealthy minority, can shop for low-tax jurisdictions without doing anything real besides hiring some skilled accountants. The G7 plan would curb that practice.
https://www.nytimes.com/2021/06/07/opinion/yellens-new-alliance-against-leprechauns.html
To put this in a broader context, what we’re looking at here is the beginning of an attempt to fix a system that is rigged against workers in favor of capital. Workers have few ways to avoid income taxes, payroll taxes and sales taxes besides actually moving to another country. Multinational corporations, which are ultimately owned in large part by a small wealthy minority, can shop for low-tax jurisdictions without doing anything real besides hiring some skilled accountants. The G7 plan would curb that practice.