Google Inc., Facebook Inc. and LinkedIn Corp. wound up in Ireland because they could reduce their tax bills. Their success is leading European and U.S. politicians to label the country a tax haven that must change its ways.
ASX Ltd. , operator of Australia’s stock exchange, plans to open a second equities market aimed at professional speculators to head off competition after regulators effectively ended its monopoly on trading.
The European Central Bank’s increasingly outspoken role in the debate over a financial- transaction tax ratchets up tension between governments seeking new revenue and bankers trying to prevent the levy, said Richard Murphy, director of U.K.-based Tax Research LLP.
Mitt Romney, who says his business experience makes him the best candidate to create American jobs, accused President Barack Obama in this week’s debate of leading an explosion of U.S. rules that stifle the economy.