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Leaders of the world s biggest economies on Saturday endorsed a global minimum tax on corporations as part of an agreement on new inte dunks shoes rnational tax rules, a step toward building more fairness amid skyrocketing revenues of some multinational businesses. The move by the Group of 20 summit in Rome was hailed by U.S. Treasury Secretary Janet L. Yellen as benefiting American businesses and workers. G-20 finance ministers in July had already agreed on a 15% minimum tax. Its formal endorsement at the summit Saturday in Rome of the world s economic powerhouses was widely expected. Yellen predicted in a statement that the deal on new international tax rules, with a minimum global tax, will end the damaging race to the bottom on corporate taxation. Italian Prime Minister Mario Draghi C-front stands with world leaders as they hoka trekkingschuhe gather for the official family photograph on day one of the G20 Summit at the convention center of La Nuvola, in the EUR district of Rome on Octobe dunk panda r 30, 2021. LUDOVIC MARIN/POOL/AFP via Getty Images The deal did fall short of U.S. President Joe Biden s original call for a 21% minimum tax. Still, Mr. Biden tweeted his satisfaction. Here at the G20, leaders representing 80% of the world s GDP mdash; allies and competitors alike mdash; made clear their support for a strong global minimum tax, the president said in the tweet. This is more than Pkeo Asiana Airlines flight 214 crash victims were 16-year-old Chinese schoolgirls
Diageo PLC and Pernod Ricard S.A. of France beat a rival bid and clinched a $8.15 billion deal Tuesday for Seagram Co. s alcoholic drinks business.Diageo, the world s No. 1 spirits company, announced the long-awaited purchase from Seagram s new owner, France s Vivendi Universal SA.In a struggle of liquor industry titans, the Anglo-French consortium triumphed over a competing offer by Brown-Forman Corp. of Louisville, Kentucky, and Bacardi Ltd. of Bermuda.A third potential bidder, Allied Domecq PLC, dropped out of the auction last week.Seagram s drinks business, stanley flask which its founding Bronfman family built up over three generations, includes such market favorites as Chivas Regal Scotch whiskey and Absolut vodka. It ranked as the world s third-largest liquor company, behind No. 2 Allied Doemcq. Under the deal, Diageo will acquire 61 percent of Seagram s assets, with the remaining 39 percent going to Pernod Ricard, said Diageo spokeswoman Isabelle Thomas.Diageo and Pernod Ricard had exp stanley quencher ected to announce the purchase early in the day but delayed the announcement due to a miscommunication bet stanley trinkflaschen ween Diageo representatives in New York and London, according to a source close to the discussions.The Seagram s unit is being sold off as part of a $30 billion merger of Seagram, Vivendi and pay television giant Canal Plus. The merger created Vivendi Universal, the world s second largest communication group behind the proposed pairing of America Online Inc. and Time Warner Inc.Vivendi Univ
Leaders of the world s biggest economies on Saturday endorsed a global minimum tax on corporations as part of an agreement on new inte dunks shoes rnational tax rules, a step toward building more fairness amid skyrocketing revenues of some multinational businesses. The move by the Group of 20 summit in Rome was hailed by U.S. Treasury Secretary Janet L. Yellen as benefiting American businesses and workers. G-20 finance ministers in July had already agreed on a 15% minimum tax. Its formal endorsement at the summit Saturday in Rome of the world s economic powerhouses was widely expected. Yellen predicted in a statement that the deal on new international tax rules, with a minimum global tax, will end the damaging race to the bottom on corporate taxation. Italian Prime Minister Mario Draghi C-front stands with world leaders as they hoka trekkingschuhe gather for the official family photograph on day one of the G20 Summit at the convention center of La Nuvola, in the EUR district of Rome on Octobe dunk panda r 30, 2021. LUDOVIC MARIN/POOL/AFP via Getty Images The deal did fall short of U.S. President Joe Biden s original call for a 21% minimum tax. Still, Mr. Biden tweeted his satisfaction. Here at the G20, leaders representing 80% of the world s GDP mdash; allies and competitors alike mdash; made clear their support for a strong global minimum tax, the president said in the tweet. This is more than Pkeo Asiana Airlines flight 214 crash victims were 16-year-old Chinese schoolgirls
Diageo PLC and Pernod Ricard S.A. of France beat a rival bid and clinched a $8.15 billion deal Tuesday for Seagram Co. s alcoholic drinks business.Diageo, the world s No. 1 spirits company, announced the long-awaited purchase from Seagram s new owner, France s Vivendi Universal SA.In a struggle of liquor industry titans, the Anglo-French consortium triumphed over a competing offer by Brown-Forman Corp. of Louisville, Kentucky, and Bacardi Ltd. of Bermuda.A third potential bidder, Allied Domecq PLC, dropped out of the auction last week.Seagram s drinks business, stanley flask which its founding Bronfman family built up over three generations, includes such market favorites as Chivas Regal Scotch whiskey and Absolut vodka. It ranked as the world s third-largest liquor company, behind No. 2 Allied Doemcq. Under the deal, Diageo will acquire 61 percent of Seagram s assets, with the remaining 39 percent going to Pernod Ricard, said Diageo spokeswoman Isabelle Thomas.Diageo and Pernod Ricard had exp stanley quencher ected to announce the purchase early in the day but delayed the announcement due to a miscommunication bet stanley trinkflaschen ween Diageo representatives in New York and London, according to a source close to the discussions.The Seagram s unit is being sold off as part of a $30 billion merger of Seagram, Vivendi and pay television giant Canal Plus. The merger created Vivendi Universal, the world s second largest communication group behind the proposed pairing of America Online Inc. and Time Warner Inc.Vivendi Univ