Some 81 totally different states, cities, and counties will hike their minimum wage in 2022—a single-year file if we’re counting simply government-mandated pay will increase, the Nationwide Employment Legislation Mission says in a new report. But by the tip of the yr, solely two of these states and 47 cities and counties can have hit the $15-per-hour threshold that labor ...

January 1 will usher in additional than only a new 12 months. It’s the day that Ikea U.S. will enhance beginning pay for its American co-workers (the Swedish retail large’s time period for staff) to $16 per hour. That would go as excessive as $17 or $18 relying on the placement of the shop. The corporate says it can apply ...

This weekend, G20 leaders signed off on essentially the most sweeping overhaul of the global tax system in a technology, agreeing to a global minimum corporate tax price of 15% in addition to enamel to forestall multinational firms from skirting it. Right here’s how the entire deal will work. What nations and corporations are affected by this deal? The deal ...

In 2018, American multinational firms reported making $97 billion in Bermuda. Provided that the island nation’s GDP that yr was $7.2 billion, that determine would seem outlandish. On the time, American firms reported 740 staff on the island, which means every would have needed to be chargeable for raking in a formidable $131 million on common for his or her ...

April’s lackluster jobs report confirmed the unemployment has ticked as much as 6.1% from 6% the earlier month. Amid outlets and eating places reopening, some supply and temp positions went away, according to Brian Coulton, a chief economist at Fitch Scores. However Chipotle Mexican Grill is among the many employers trying so as to add to its workforce—and it’ll increase ...

The “Double Irish, Dutch sandwich” appears like a menu merchandise, but it surely’s truly a sophisticated enterprise scheme the place firms open workplaces in Eire and the Netherlands, two nations with low company tax charges, and transfer cash between them to reduce their tax burdens. Tax havens (and tips to govern them) at the moment are a standard a part ...