BlackRock Inc is relatively unknown outside financial circles, but it owns the largest share in the biggest 299 companies in the world.
Today the world is dominated by 30 financial corporations that hold more than half the shareholdings of its corporate giants. And they follow the logic of finance capital – the logic of money.
The actual corporate tax rate in Australia is considerably lower than 30% due to the high utilisation of imputation credits by shareholders.
The company tax cut may signal to the world that Australia wants to be competitive on corporate tax, but it won't make much of a difference to our largest businesses and multinationals.
Businesses are expanding into new markets, so employees increasingly have to move between different geographical locations.
New research finds there are significant risks and uncertainties in the complexities of national and international tax systems as applied to internationally mobile employees.
The singling out of tobacco giant Philip Morris raises questions about how Australia goes about forming trade deals.
The arbitrary treatment of comapnies like Philip Morris is unsettling and does not engender confidence – two basic ingredients required in trade and investment.
CSIRO research finds Australia needs to work better with global supply chains and make more specific products to survive.
A CSIRO report suggests Australian manufacturers need to better design custom products and hook into global supply chains to survive.
Robotics and other farm technologies can provide a wealth of data to farmers and agribusiness.
The extension of laws on unfair contract terms to cover small businesses, may help farmers take more control of the data their farms generate.
The United States and Australia should abandon the TPP and focus their efforts on trade deals that take a prudent approach to market access.
The United States and other countries are right to reject the TPP, but President-elect Donald Trump's claims about it are misguided.
NYC Fight for $15 rally.
A global movement of low-wage workers is improving conditions for fast food employees and others in the U.S. and around the world. A Dartmouth labor historian examines the movement's origins.
In a landmark decision, the EU ruled that Apple should pay tax to Ireland.
A landmark decision by the European Commission ordering Apple to pay €13 billion in tax sends a tough message to other multinationals.
Volkswagen has paid a record settlement in the US.
Fresh from a record US$15 billion settlement, Volkswagen is resisting paying compensation in other countries.
Governments around the world are rewriting law to deal with tax avoidance by multinationals like Google.
Global measures to crack down on tax avoidance by multinationals will take some time to deliver. And there's still work to be done locally.
Fotos593 / Shutterstock.com
Pointing the finger at multinationals for tax minimisation won't change things – international tax law needs to changed.
World’s biggest company … and still growing.
Apple is already the biggest company in the world and looks set to grow even faster in the future. Is that necessarily a good thing?
The EU is thought to be losing one trillion Euros from tax avoidance, evasion and arrears. But the latest tax reform is unlikely to fix that.
Finance minister, Michael Noonan, made bold predictions for the Irish economy.
Niall Carson/PA Wire
Ireland is to phase out its controversial “double Irish” tax scheme. It follows international criticism and the European Union’s investigation into the legalities of Apple and Ireland’s tax arrangement…
Doing business in multiple countries, rather than trying to dominate a single region or market, is a recipe for global business…
Australian-based multinationals are investing more in retaining key staff than foreign-owned firms in an effort to fight…