Brazil has applied to become a member of the Organization for Economic Cooperation and Development, a move that if successful will be a giant step in commanding respect and drawing investment to the country, the world’s fifth-largest in population with a GDP of over $1.9 billion.
The Australian Taxation Office issued a combined $2.9 billion in tax bills this month to seven multinationals, including Apple, Google and Microsoft. The ATO’s actions come three months before the effective date of Australia’s widely heralded diverted profits tax, known as the Google tax. Here’s what you need to know about this important legislation.
Welcome back to Global Glance. This week we look at: the lifting of the Iran sanctions and what it means for US businesses; India’s Jat protesters and caste system; and the G20 meeting in Shanghai.
For global enterprises, not long ago “doing business in Africa,” usually meant “doing business in South Africa.” Unless they were extracting natural resources like oil, or they were a non-profit NGO or research institution, organizations were rarely setting up shop outside of South Africa, the continent’s hub for international business. But Africa is a dynamic continent, and its business dynamics are changing.