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EXCESS PROFITS REDISTRIBUTION
South Korea labour minister calls on tech firms to share excess AI profits with suppliers, staffIn an interview, Kim Young-hoon told Reuters that companies like Samsung Electronics that outperform profit targets should consider sharing...- South Korea stocks gyrate as top aide floats AI ‘dividend’South Korea is considering a 'Citizen Dividend' from AI profits. A top policymaker proposed using excess tax revenue to benefit all citizen...
- South Korea official floats AI profit social tax as tech giants boomA top South Korean official has proposed a tax on AI profits to be redistributed among society as a semiconductor boom drives massive earni...
- Wealth quote of the day by America’s steel king Andrew Carnegie, “The man who dies rich dies disgraced” — why one of history’s richest individuals believed dying wealthy meant failureWealth quote of the day by Andrew Carnegie, “The man who dies rich dies disgraced.” Andrew Carnegie rose from a $1.20-a-week factory hand t...
- GST cuts: Structural reform, not stimulusRecent GST rationalization is a structural reform, not a stimulus, aimed at long-term growth by improving market efficiency. Tax cuts reduc...
- 'Broad consensus' on sharing tax revenue on multinationals: OECDThe OECD has published a draft agreement aimed at addressing the issue of multinational companies shifting profits to low-tax countries. Th...
- Will taxing the windfall profits of oil giants fix countries' economies?There is fierce debate over whether imposing an extra tax on windfall profits to subsidize energy users would ultimately worsen the problem...
- Budget needs to focus on fiscal consolidation; govt must restart reforms: Arvind Panagariya“It is time to signal that the government wants to return to fiscal consolidation. I would recommend at least symbolically 0.5% to 1% reduc...
- What is China's 'common prosperity' drive and why does it matter?"Common prosperity" as an idea is not new in China, but a sharp escalation in official rhetoric and a crackdown on excesses in industries i...
- View: Do we really need to rejig the gig economy?The Covid-19 pandemic has caused businesses to dry up. Which is why equity is an immediate concern. However, court rulings that tinker with...
- Degrowth means we live a simpler life, so that others can simply live: Giorgos KallisA leading theorist and proponent of degrowth, Kallis spoke to Srijana Mitra Das about why the idea of ceaseless economic growth is being qu...
- View: How to tax a digitalised economyThe OECD proposal is separate from the existing ‘fixed place of business’ concept, and would operate regardless of whether taxpayers have a...
- What I read this week: What is Economic Confidence Model and what does it signify?The ECM is reflecting a shift in global capital flows from Asia to North America.
- India has much to gain from China’s peaceful riseChina’s rise is both challenge and opportunity for India. It would be a mistake to discount the opportunity because of irritation over the ...
- Venezuela under Hugo Chavez: How he marginalised powers of some big US companiesTo be sure, new leaders in Venezuela will have to provide economic corrections to contain the bigger fallouts from Chavez’s policies in com...
- I think most would rather have India's problems than the West's: Anshu Jain, co-CEO, Deutsche Bank"I think sacrificing some growth in the near-term is a price worth paying for the higher level of public engagement and activism," says Ans...
- How Bharti Airtel lost the love of Dalal Street after a string of downgradesBharti shares fell to their lowest levels in nearly six years on Wednesday as investors continued to flee the company amid stock downgrades.
- GSM, CDMA players lock horns over rollout obligation and excess spectrumThere is a battle brewing in telecom space with GSM players and dual-technology telcos trading charges against each other over rollout obli...
- Hedge funds are tempted to let loose dogs of riskYou promised investors 15%, 20%, 25% returns. You took their money, subtracted your 2% fee, cranked up the spreadsheet and rolled your ball...
- LIC may seek fresh equity to meet solvency normsLife Insurance Corporation of India (LIC) will seek fresh equity infusion from the Centre to meet its solvency margin norms.
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