What’s this all about? So, in 2016, the European Union ruled that Ireland had given illegal tax advantages to Apple, that it had not given to other companies. Therefore, the company had to pay 13 billion euros (plus interest) in back taxes to Ireland. These 13 billion euros are the taxes that were not paid …
Apple and Ireland win the biggest tax battle in history- explained Read More »
This week, Google announced that it has set up a “Google for India Digitisation Fund”, through which it will invest $10 billion in India over the next 5-7 years. This investment will be done through a mix of “equity investments, partnerships, and operational, infrastructure and ecosystem investments.” Investments will focus on four areas important to …
Why is Google investing $10-billion in India despite the economic crisis? Read More »
The International Solar Alliance (ISA) is an alliance of 121 countries that receive ample sunlight (basically countries which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn). This alliance is aimed at enabling co-operation amongst these sun-rich countries so as to increase the production of solar power and reduce …
The US wants to retaliate against China for its recent moves to impose new security laws in Hong Kong. These laws seek to reduce the autonomy of the city. One of the options that the US is considering is undermining the peg between US Dollars and the Hong Kong (HK) Dollar. Hong Kong had pegged …
The US President Donald Trump has decided to extend the ban on issuing of H-1B and other work permit visas like H-2B and certain categories of H-4, J-1, and L-1 visas until the end of 2020. The US had banned the entry of foreign workers in the country in the last week of April for …
US bans H1B, L1 visas till Dec 2020- what it means for India? Read More »
The recent border skirmish between India and China in the Ladakh border has led to calls for a boycott of goods from China. According to a snap poll conducted by CVoter, as many as 93 % of Indians are in favor of boycotting all Chinese goods. At the same time, China’s smartphone maker OnePlus saw its latest …
Why a complete boycott of Chinese goods is impractical? Read More »
We are familiar with the trade war between the US and China. But, of late, the plummeting relationship between China and Australia has also garnered significant attention. [You may also read: The trade war between the US and China- Explained] Since 2009, the economic and cultural relationship between China and Australia has grown considerably, so …
China and Australia’s relationship has reached new lows Read More »