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G-7 strikes deal to revamp tax rules for biggest firms

G7 finance ministers meeting in london

Bloomberg The Group of Seven (G-7) rich nations secured a landmark deal that could help countries collect more taxes from big companies and enable governments to impose levies on US tech giants such as Amazon Inc and Facebook Inc. The agreement by the G-7 finance ministers in London satisfies a US demand for a minimum corporate tax rate of “at ...

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Italy poised to get first EU recovery-fund tranche

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Bloomberg Italy may get the first part of a more than 200 billion-euro ($243 billion) European Union (EU) pandemic recovery-fund package as soon as next month, Il Messaggero cited Public Administration Minister Renato Brunetta as saying. The country stands to receive 25 billion euros “between July and August,” the newspaper quoted him as saying in an interview. Measures approved recently ...

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Sweden’s mortgage rates to decline, says SBAB CEO

Bloomberg Swedish mortgage rates can decline by as much as 0.15 percentage points as larger market participants seek to reverse a slide in market share, SBAB CEO Klas Danielsson was cited as saying by newspaper Svenska Dagbladet. Still, such a decline in mortgage rates “won’t be decisive” in spurring further house price gains, according to the chief executive of the ...

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