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Global Markets Update – Monday 11th October 2021
Ground-Breaking Global Deal On Corporate Tax Reform
136 nations signed up to a ground-breaking global deal on corporate tax reform, that included a minimum 15% effective corporate tax rate plus new rules to force the world’s multinationals to declare profits and pay more in the countries where they do business. The deal also included a two-year ban on imposing new taxes on tech groups such as Google and Amazon while the Biden administration tries to ratify the deal in the US.
Russian president Vladimir Putin indicated his country was prepared to increase supplies of natural gas to Europe. The country has been accused by some European politicians of deliberately withholding supplies in an effort to win approval for the contentious Nord Stream 2 pipeline, which would send the fuel directly to Germany, avoiding Ukraine.
The FTSE 100 advanced 1.0% over the week.
Brussels offered to scrap many border controls between Northern Ireland and the British mainland in an attempt to de-escalate tensions with the UK after London threatened to suspend the NI protocol. The concessions include allowing the free circulation of many food products across the Irish Sea. However, Lord David Frost continues to demand that the European Court of Justice is removed as the ultimate arbiter of the agreement. [READ MORE…]
What some of our clients have to say about us
“FWD has been instrumental in supporting Oak’s continued business expansion which has necessitated a global PR approach, ensuring we achieve the most relevant exposure for our needs. We’ve seen an uptick in media coverage and digital engagement, along with a steady upward trend in our PR KPIs. Not only does the FWD team add value to our internal operations, they work as a seamless extension to Oak’s in-house team, building strong relationships to ensure an unmatched service experience.
We’re pleased to be working with the forward-thinking team at FWD. Their sector-specific knowledge and commitment to delivering timely results has been refreshing.”
“FWD Research have provided BIBA with a comprehensive and reliable research service over a number of years. We have successfully used their findings to understand market developments, our members and importantly, used research to promote brokers and support our lobbying campaigns”.
Chief Executive Officer, BIBA
“FWD have a deep understanding of the UK General Insurance market and have consistently delivered actionable insights against challenging briefs. Their deep understanding and broad network within the UK broker marketplace makes them an invaluable research partner. I would not hesitate to recommend them.”
Let’s mix up the font and use itals to bring it to life. Property picture if we have one or use iStock.
Strategy Manager, RSA.
Latest Press Release – Monday 11th October 2021
Paul Schreibke appointed Managing Director Oak Funds Services in Guernsey
11 October 2021
The Board of Oak Group (“Oak”), the private client, corporate services and fund administration business, is delighted to announce that Paul Schreibke will now serve as Managing Director of Oak Funds Services in Guernsey. Paul joined Oak Guernsey in 2019, as Managing Director of Oak Trust (Guernsey) Limited.
Previously, Paul was Managing Director of Intertrust Guernsey, where his remit included roles as Managing Director of both the Trust and Fund companies.
Commenting on the appointment, CEO at Oak Group Graham McCormack said:
“We are delighted to appoint Paul as Oak Funds Services Managing Director. His record within the company and beyond speaks for itself and he brings with him a vast array of experience and knowledge across the finance industry. [READ MORE…]
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