Search Results for: multinationals

Why do multinationals pay women less in developing countries?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Niccolò Pisani, Assistant Professor of International Management, University of Amsterdam, The Netherlands & Ans Kolk, Professor, University of Amsterdam, The Netherlands & Khadija van der Straaten, Lecturer, Rotterdam Business School • The gender wage gap remains at the […]

VW emissions scandal: EU unable to protect its consumers against large multinationals

  European governments and officials seem incompetent to protect on the one hand their car consumers and on the other the environment, despite the crucial role Europe played in the climate change agreement that was signed last December in Paris. VW’s diesel emissions scandal has revealed so far that the multinational framework in Europe is much more beneficial for […]

The EU checks the multinationals for tax fraud but Britain may sail out of the EU via Panama

The Panama Papers did not offer to the world community much more news than most people already knew. For example, the ‘revelation’ that a close friend to the Russian President Vladimir Putin was enormously rich without having labored for his wealth, is no news at all. Every Russian or informed citizen in the entire world […]

Starbucks and FIAT again under Commission’s microscope: is Europe ready to kick multinationals out of the house?

Some multinationals (MNEs) such as FIAT and Starbucks have been overdoing it in the EU for quite some time now. The case of tax investigation of the aforementioned companies on whether they have paid the correct amount of corporate income tax or not is ongoing for over a year now. The Commissioner responsible for Competition, Mrs […]

Is it true that the G20 wants to arrest tax evasion of multinationals?

Last Saturday the ministers of Finance of the G20 council agreed in Moscow to tackle global tax evasion by adopting a 15-point OECD Action Plan, which supposedly will give governments the domestic and international arms they need to combat tax Base Erosion and Profit Shifting (BEPS). The responsible European Commissioner for tax issues Algirdas Šemeta […]

How the great COVID-19 reset can help firms build a sustainable future

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: CB Bhattacharya, H.J. Zoffer Chair in Sustainability and Ethics, Katz Graduate School of Business, University of Pittsburgh COVID-19 offers a chance to reset and reshape the world in a more sustainable way. It is up to every individual […]

Universal basic income is the answer to the inequalities exposed by COVID-19

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kanni Wignaraja, Assistant Secretary-General, United Nations & Balazs Horvath, Chief Economist, UNDP, Asia-Pacific Rule number one of crisis management: When you find yourself in a hole, first, stop digging. In the COVID-19 outbreak frenzy, several countries are considering […]

Tax havens cost governments $200 billion a year. It’s time to change the way global tax works

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ludvig Wier, Postdoctoral researcher, UC Berkeley New research suggests 40% of multinational profits are shifted to tax havens and that 10% of the world’s largest multinational firms are responsible for 98% of this activity; The result is $200 […]

Ireland: prepare now for rising fiscal pressures, external risks

This article is brought to you in association with OECD. Ireland needs to prepare itself to meet rising pressures on public finances from an ageing population and significant external risks such as new EU-UK trade barriers post Brexit. Another important development could be future changes to the international tax rules, according to a new OECD report. […]

Why the answer to a more sustainable future could lie within the platform economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gillian Tans, Chairwoman, Booking.com There is growing public urgency on issues such as climate change and calls for more sustainable solutions to secure a more positive future. Whilst legislators are mired in considerations of political practicality, sometimes unable to […]

Four years on and half a billion dollars later – Tax Inspectors Without Borders

This article is brought to you in association with OECD. The international community has made important progress in improving developing countries’ ability to tax multinational enterprises and boost domestic revenue mobilisation. A leading element of international co-operation efforts is the Tax Inspectors Without Borders (TIWB) initiative – a joint OECD/UNDP programme launched in July 2015 to […]

How start-ups will lead India through the Fourth Industrial Revolution

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kathy Bloomgarden, Chief Executive Officer, Ruder Finn As the Fourth Industrial Revolution continues at full steam, the entire world must prioritize job creation and the retraining of the current workforce in order to prepare for the digital age. Currently, […]

Apple Vs. EU: Will the US tech giant ever pay for taking advantage of Ireland’s taxation?

Apple Inc. together with the Irish government showed up yesterday at the EU’s second-highest court to appeal for the 13 billion euros EU tax order. The US corporation has decided to legally challenge the 2016 European Commission’s decision by claiming that its products and services are created in the US and thus the profits were […]

From Israel’s ‘start-up nation’, 4 lessons in innovation

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Julie Ziskind, Project Lead, Digital Europe, Centre for Regional and Geopolitical Affairs, GLF, World Economic Forum & Annika Brack, Head of Community Development, Regional Agenda – Europe, World Economic Forum Only a short flight separates Tel Aviv from many […]

‘Digital divide’ will worsen inequalities, without better global cooperation

This article is brought to you in association with the United Nations. Inequality will worsen unless the so-called “digital divide” – the gap between under-connected and highly digitalized countries – is not addressed, warns a new report released on Wednesday by the UN trade body, UNCTAD. The first-ever Digital Economy Report outlines enormous potential gains from […]

Top global firms commit to tackling inequality by joining Business for Inclusive Growth coalition

This article is brought to you in association with OECD. A group of major international companies has pledged to tackle inequality and promote diversity in their workplaces and supply chains as part of an initiative sponsored by the French Presidency of the G7 and overseen by the OECD. The Business for Inclusive Growth (B4IG) coalition will […]

Globalization is changing. Here’s how your business can adapt

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Anna Tunkel, Head of global strategic initiatives and partnerships, APCO Worldwide Our world has moved from globalization euphoria in the early 1990s to a globalization backlash over the past decade. We are witnessing a profound transformation of globalization – […]

The US starts an intense currency war to protect its global standing

One month ago this newspaper’s title was: “Trump after marginalizing G20 attacks Europe and China where it hurts, brandishes currency war”. Since then, the American President intensified his attacks on money parities, mainly against China. At the same time, he continues pressing the American central bank, the Fed, for not taking tough measures to actually […]

It’s time for global businesses to accept local responsibility

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Peter Lochbihler, Global head of public affairs, Booking.com The term ‘globalization’ has become increasingly divisive in the recent past. It is high time to redefine it and make globalization a term that emphasizes local opportunities on a global scale, […]

The Middle East needs a technological revolution. Start-ups can lead the way

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Khalid Al Rumaihi, Chief Executive, Bahrain Economic Development Board Globally, economies with agile ecosystems that are equipped with the infrastructure to support innovation in technology are witnessing a revolution. In order for governments, large-scale multinationals and new start-ups to […]

There are now four competing visions of the internet. How should they be governed?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kieron O’Hara, Senior Research Fellow, University of Southampton & Wendy Hall, Director, Web Science Institute, University of Southampton On the fringe of the 2019 World Economic Forum gathering at Davos, trade ministers from 75 members of the World Trade […]

Trade is not a weapon. Let’s not use it as one

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Børge Brende, President, Member of the Managing Board, World Economic Forum At the Munich Security Conference last week, I moderated a panel discussion with an intriguing headline: can we make [economic] competitors like the US, Europe and China trade […]

Moving from commitment to action on LGBTI equality

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sander van ‘t Noordende, Group Chief Executive, Products, Accenture & Beth A. Brooke-Marciniak, Global Vice-Chair, Public Policy, EY Multinationals play an important role in promoting equality and a culture of respect in the workplace, and this extends to the […]

Protectionism doesn’t stand a chance in the age of connectivity

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Hikmet Ersek, President and Chief Executive Officer, Western Union One of the questions I’m asked most frequently as the CEO of a global company – one that operates across more than 200 countries and territories – is: “Am I […]

Why sustainable packaging is good for profits as well as the planet

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Peter Lacy, Global Managing Director Growth, Strategy & Sustainability, Accenture & Wesley SpindlerCirculars Project Manager, Accenture Although sustainability is increasingly a priority for consumers when making purchasing decisions, with packaging often central to a product’s visual appeal for purchasers […]

Prisons are failing. It’s time to find an alternative

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Baillie Aaron, Founder & CEO, Spark Inside In recent years, the use of imprisonment as a response to crime and violence has risen steadily across the globe. More than 10 million people around the world are currently behind bars. […]

What the buoyant US economy means for the rest of the world

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Marco Magnani, Senior Research Fellow, Harvard Kennedy School of Government & Olivier Clavet, The Institute for Advanced International Studies at Laval University The US economy is thriving. Its GDP growth rate is above 3% – the first three […]

Artificial Intelligence raises ethical, policy challenges – UN expert

This article is brought to you in association with the United Nations. Digital solutions are transforming lives: Think of robots that help the elderly, a mobile phone app that identifies crop pests, or surgical robots in hospitals. These advances are all due to Artificial Intelligence and an extraordinary new era of machine learning. While these bring […]

Inclusion and diversity isn’t just good for employees – it’s good for the bottom line

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Smilla Yuan, Head of Greater China, Willis Towers Watson & Chad O’Reilly, Member of the Asia I&D Council, Willis Towers Watson There’s no standard definition or one-size-fits-all solution when it comes to inclusion and diversity (I&D). Yet increasingly, […]

What the Amazon rain forest tells us about globalization

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Peter Vanham, Media Lead, US and Industries, World Economic Forum Can globalization and the fight against climate change co-exist? Or is the environment doomed to suffer as people fly, goods are shipped, and agriculture and industry tap international […]

“An open China brings opportunities to Europe”, a Sting Exclusive by China’s Ambassador to EU

This article was exclusively written for The European Sting by the Ambassador Extraordinary and Plenipotentiary and Head of Mission of the People’s Republic of China to the European Union, Mr Zhang Ming, on the occasion of China International Import Expo. The opinions expressed in this article belong to the distinguished writer. Sixty years ago, the first major World […]

Who are the winners and losers in Africa’s Continental Free Trade area?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Rilwan Akeyewale, CEO, Grandir Inc. In March this year, the leaders of 44 African countries endorsed the African Continental Free Trade Agreement (AfCFTA). Since then more countries, including South Africa, have joined in. Th agreement is expected to […]

Overseas investment falling, developing countries largely unscathed: UN trade agency

This article is brought to you in association with the United Nations. Foreign direct investment (FDI) has dropped 40 per cent year-on-year so far, the UN Conference on Trade and Development (UNCTAD) said on Monday, but the $470 million decline is happening mainly in wealthy, industrialized nations, especially in North America and Western Europe. Overall, the […]