Multinational companies face new tax challenges, such as the global minimum tax and a new nexus/tax law rule that allocates a portion of intangible/residual profits directly to market jurisdictions. On July 1, 2021, 130 countries and jurisdictions reached an agreement to continue the development of the project with
Russia has backtracked on its plans to increase its integration into global value chains (GVCs), an area in which it broadcast ambitious plans prior to its invasion of Ukraine. Russia’s declining economic growth potential has raised concerns about its medium-term prospects and risks of stagnation in GDP per
Shanghai International Port Group’s (SIPG) container traffic reached a record in 2021, moving 47.033 million TEUs at the Port of Shanghai. In doing so, it recorded a year-on-year increase of 8.1%, and remained the world’s largest for the 12th consecutive year. The company’s attributable net profit hit a
U.S. chemical exports in 2021 were directed primarily to Canada, Mexico, and China, according to data from the U.S. International Trade Commission (USITC). To the entire world, these international sales were $289.096 million. Shipments to Canada totaled $42.631 billion dollars, followed by shipments to Mexico ($38.775 billion) and
The United States notified an automotive standard on «Rear Impact Protection’», which provides protection for occupants of passenger vehicles in crashes against the rear of trailers and semi-trailers. The agency in charge is the Department of Transportation’s (DOT) National Highway Traffic Safety Administration (NHTSA). A 2013 University of
Members of the World Trade Organization (WTO) raised seven concerns about state trading enterprises at the last relevant meeting. At the May 13, 2022 meeting of the Working Group on State Trading Enterprises, trade concerns were raised about: Information described as «not available» in the recent notification on