{"componentChunkName":"component---src-templates-post-js","path":"/big-companies-to-pay-fair-share/","result":{"data":{"ghostPost":{"id":"Ghost__Post__60ded7df6e4273003be1de47","title":"Big companies to pay fair share","slug":"big-companies-to-pay-fair-share","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/07/Header-image-5.png","excerpt":"Plus: No EU access for Rishi, new job ads, and a billionaire space race","custom_excerpt":"Plus: No EU access for Rishi, new job ads, and a billionaire space race","created_at_pretty":"02 July, 2021","published_at_pretty":"02 July, 2021","updated_at_pretty":"02 July, 2021","created_at":"2021-07-02T09:09:51.000+00:00","published_at":"2021-07-02T09:22:44.000+00:00","updated_at":"2021-07-02T09:22:44.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Tim Elder","slug":"tim","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Tim Elder","slug":"tim","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"\nGlobal tax deal\n130 countries have agreed to overhaul tax systems to make big companies pay\ntheir fair share [https://www.bbc.co.uk/news/business-57573380]. All G20\ncountries - including the US, UK, and China - backed the deal. Negotiators\nproposed a minimum corporate tax rate of at least 15%. The US Treasury Secretary\nis happy, saying international tax competition and the “race to the bottom” is\ncoming to an end.\n\n\nNo EU access for City\nChancellor Rishi Sunak has suggested that Britain's financial services sector \nwon't get access to the EU's markets\n[https://www.bloomberg.com/news/articles/2021-07-01/sunak-tells-eu-he-will-set-rules-for-city-as-equivalence-stalls]\n, and that he has given up on the equivalence deals that he wanted. Instead, he\nplans to make the most of the UK’s freedom to set its own rules.\n\n\n\nNew UK job ads\n200,000 new job ads were posted in the final week of June, and there are now \n1.5\nmillion job vacancies\n[https://www.cityam.com/buoyant-uk-job-market-had-200000-new-advertisements-last-week/] \nacross the country. As the post-pandemic economic recovery begins, the\nRecruitment and Employment Confederation (REC) described the demand for staff as\n“buoyant”.\n\n\nRich vs Jeff\nVirgin Galactic’s Richard Branson has announced he will take off into space\n[https://www.theguardian.com/science/2021/jul/02/richard-branson-aims-to-beat-jeff-bezos-into-space-by-nine-days] \non 11 July. He’s aiming to beat fellow billionaire Jeff Bezos by just nine days.\nVirgin Galactic’s fourth trip to space will launch from New Mexico, and Bezos\nwill launch from West Texas on the 52nd anniversary of the Apollo 11 moon\nlanding.","html":"


Global tax deal

130 countries have agreed to overhaul tax systems to make big companies pay their fair share. All G20 countries - including the US, UK, and China - backed the deal. Negotiators proposed a minimum corporate tax rate of at least 15%. The US Treasury Secretary is happy, saying international tax competition and the “race to the bottom” is coming to an end.

No EU access for City

Chancellor Rishi Sunak has suggested that Britain's financial services sector won't get access to the EU's markets, and that he has given up on the equivalence deals that he wanted. Instead, he plans to make the most of the UK’s freedom to set its own rules.

New UK job ads

200,000 new job ads were posted in the final week of June, and there are now 1.5 million job vacancies across the country. As the post-pandemic economic recovery begins, the Recruitment and Employment Confederation (REC) described the demand for staff as “buoyant”.

Rich vs Jeff

Virgin Galactic’s Richard Branson has announced he will take off into space on 11 July. He’s aiming to beat fellow billionaire Jeff Bezos by just nine days. Virgin Galactic’s fourth trip to space will launch from New Mexico, and Bezos will launch from West Texas on the 52nd anniversary of the Apollo 11 moon landing.

","url":"https://multiply.ghost.io/big-companies-to-pay-fair-share/","uuid":"d538b9c7-4bad-4b1e-b1a9-80dab46e79db","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"60ded7df6e4273003be1de47"}},"pageContext":{"slug":"big-companies-to-pay-fair-share"}},"staticQueryHashes":["176528973","2358152166","2561578252","2731221146","4145280475"]}