Canada to tax tech giants as planned despite framework G7 tax deal, says Freeland

Video: G7 Finance Ministers Wrangle Over Global Tax (Bloomberg)

G7 Finance Ministers Wrangle Over Global Tax

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Canada is proceeding with its plan to tax technology giants next year even as the world’s wealthiest democracies proposed a new global tax framework that includes plans to impose a levee on the firms, federal Finance Minister Chrystia Freeland said Saturday. 



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Her remarks came following a meeting of G7 finance ministers, who hammered out details of the possible global taxation plan during talks held in London. 

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The Group of Seven wealthy democracies agreed to support a global minimum corporate tax of at least 15 per cent to deter multinational companies from avoiding taxes by stashing profits in low-rate countries. They also endorsed proposals to make the world’s biggest companies — including U.S.-based tech giants — pay taxes in countries where

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China’s Tech Crackdown Continues

Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: China’s tech crackdown, Dalio’s dollar doom, Ashworth’s response, and a look at China’s advantages in entrepreneurship.

CCP Comes Down on Tech CEOs
In October 2020, Jack Ma delivered mild criticisms of China’s financial regulators at a business conference. Within a week, the tech billionaire’s payments company, Ant Financial Group, saw its IPO halted after Ma was summoned to a meeting with financial regulators. Shares of Tencent and Alibaba, the country’s largest tech companies, subsequently plummeted as investors saw the incident as an indication of a broad crackdown by the Chinese Communist Party (CCP) on tech entrepreneurs.

Chinese president Xi Jinping confirmed those suspicions on Monday, stating in a meeting with financial regulators that the government should take a harder line against “platform” companies. “Some platform companies are developing in non-standardized ways and that

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Laquan McDonald Business Tech Center offers STEAM programs to young men in North Lawndale

CHICAGO (WLS) — A new technology center that is being unveiled Sunday in Chicago will bring more resources to the city’s West Side, while also honoring the legacy of Laquan McDonald.

It’s in an effort to educate and inspire young people.

Welcome to the men’s meeting at Grace Memorial Baptist Church.

They are actually young men, and they are younger cousins of 17-year-old McDonald, who was fatally shot 16 times by a Chicago police officer in 2014.

RELATED: Jason Van Dyke trial, Laquan McDonald shooting timeline

Their great uncle and pastor wanted to offer them a place to talk, listen and learn.

On Sunday, Pastor Marvin Hunter offers them and other young people in North Lawndale another opportunity.

Hunter will unveil the Laquan McDonald Business Tech Center in a newly build room of the church with donated computers and volunteer instructors to offer STEAM programs.

“Out of school, you still

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Quantitative Analytics Tech Lead – Economic Modeling job with Freddie Mac

At Freddie Mac, you will do important work to build a better housing finance system and you’ll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.

Position Overview:
Freddie Mac’s Single-Family Division is currently seeking a Quantitative Analytics Technical Lead to be responsible for the development and execution of statistical models and applications in support of business and risk decisions as a member of the Default Costing Model Team. Apply now and learn why there’s #MoreAtFreddieMac!
Our Impact:
Our team is responsible for the development and analytic support of the Default Costing model (Forecast of Credit Risk and Severity), supports the single-Family business for risk decisions. We apply econometric, machine learning and statistical modeling to understand business problems and produce credit risk forecast for the mortgage portfolio.
Your Impact:

  • Developing analytical methods and models that assess the credit risk of
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