Why have 136 countries and members of the EU agreed to implement a 15% tax rate on large multinational corporations? What are the particulars of the Organisation for Economic Cooperation and Development’s global tax agreement? Will low tax jurisdictions concur with the plan?| The Hindu
Coda’s ZEG storytelling festival in Tbilisi has come to an end, and I am both overloaded with information and exhausted by drinking too much wine. My take-home message was that oligarchy is spreading ever wider, and that we need to take its threat to democracy far more seriously than anyone is doing at the moment. The post The cash hoarders, migrating millionaires, and Monaco mischief appeared first on Coda Story.| Coda Story
The Corporate Transparency Act was passed by Congress at the very end of Donald Trump’s first term, with bipartisan support and an important mission to protect national security, expose wrongdoing and complicate the committing of financial crime by forcing companies to declare the names of their owners. This was at the time not a controversial The post How Trump is bringing shell companies back onshore appeared first on Coda Story.| Coda Story
I’ve been thinking a lot about the apocalypse in the last few days, and wondering what options oligarchs believe are available to help them escape it. In Mark Lynas’s new book about atomic weapons, he helpfully provides a table showing what percentage of each country’s population would die during or immediately after a nuclear war. The post The oligarch’s guide to sitting out a nuclear winter appeared first on Coda Story.| Coda Story