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The Guardian looks back at the landmark deal struck by rich nations on Saturday to make multinational companies pay more tax, reporting that experts are warning of a “large loophole”. Amazon could “escape paying significantly more tax” because it runs “at very low profit margins”, it says – with a margin of 6.3% in 2020. That is “partly because it reinvests heavily, and partly to gain market share,” the paper adds.

Guardian Front Page 27th of July 2024

Millions of public sector workers in the UK are anticipated to receive an above-inflation pay rise after a prolonged period of wage restraint, as Chancellor Rachel Reeves is expected to endorse the recommendations of pay review bodies.

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Guardian Front Page 25th of July 2024

Leading western nations are accelerating investments in new oil and gas projects, prompting criticism for undermining emission reduction commitments amid increasing predictions of significant future fossil fuel outputs.

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Guardian Front Page 24th of July 2024

Kamala Harris expressed strong confidence in her party’s ability to triumph in the upcoming election, vowing to focus on freedom and democratic principles while addressing issues such as gun violence and women’s rights.

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