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The significance of the global minimum corporate tax rate

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Read time: 5 mins; Word count: 1020 The introduction of a global minimum corporate tax rate is probably the second best thing to happen in 2021 after mass Covid vaccination. Here is the why, what, when and how of the matter: Why is this needed? Although almost all countries have a corporate tax rate, there are plenty of loopholes that large corporations take advantage of, especially by using tax-havens (Tax-havens are countries such as the Cayman Islands, Mauritius, Luxembourg etc. where they charge a very low or nil tax rate, therefore Companies set up their headquarters in these countries despite making their money elsewhere, thereby paying very low tax in that tax haven and robbing the countries that made this money for them of their tax revenue) . Sounds very unfair? Isn't it? But it is just aggressive tax planning and therefore perfectly legal to do so. Because no one can stop a company from setting up their base in another country but also taxing them in both countries would

Why we sleep? (Book review)

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  "Scientists have discovered a revolutionary new treatment that makes you live longer. It enhances your memory and makes you more creative. It makes you look more attractive. It keeps you slim and lowers food cravings. It protects you from cancer and dementia. It wards off colds and flu. It lowers your risk of heart attacks and stroke, not to mention diabetes. You'll even feel happier, less depressed, and less anxious. Are you interested?" And that's the opening to Chapter 6 of the book "Why we sleep" by neuroscientist Matthew Walker, and yes, by now you would have known, the revolutionary treatment is none other than a good night's sleep of 8 hours, every day . And everything that is mentioned in that para is backed by several scientific research. The book is a big eye-opener to anyone who reads it since the concept of sleep has always been a mystery to humans on why we sleep, why can't we just adapt to fewer hours of sleep, isn't sleep a waste

Finance and football: An ISL and Chennaiyin FC view

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At a time when we have all been away from the normal life and for sports fans who have been starved of any sporting events happening across the world, it is a right time to learn some behind the scenes of our beloved sports teams, have to narrow it to football for now, there is a little bit of cricketing stuff too, but for now let's call it the breakdown of Indian football clubs, the funding, the revenue, the expenditure and achieving sustainability. As I say Indian football clubs, we are mainly going to see it revolve around the Indian Super League - the young, fancy and soon to be the Tier 1 of Indian football system. Because not only very few care about the soon-to-be Tier 2 I-League clubs anymore but the ISL is on a whole different level to the I-League, it demands higher things, the best example would be the case of Bengaluru FC, the club had expenses shot up from Rs. 15 crore while in I-League to around Rs. 50 crore in the ISL, that's the differential ISL demands

The Curious Case of the Collar Button

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NOTE/DISCLAIMER: Collar button in this part of the world refers to the shirt's top button. Also, ties can be wore without collar buttons, ask YouTube.  The collar button despite being an utterly useless thing to exist on the planet has never faced an existential crisis. It is neither useful nor attractive but still, it somehow continues to survive. It would have indeed felt like an endangered species when the collarless tees came up on the market but that hasn't stopped the buck. A little bit of history explains a lot about the birth of this once great now pointless invention, in the mid-nineteenth century, humans didn't care to bathe or wash their clothes as much as we do now, but this accumulated a lot of dust on their collars, obviously, so they had only detachable collars which were switched daily and can be made possible only with the help of collar buttons. But now the collars form part of the shirt, yet this has been still around, a perfect example of th

Delhi by Metro

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There is no better way to travel in Delhi than by Delhi Metro, the country's largest metro system will take you to each and every nook of the capital city with ease and comfort. My visit to Delhi was for 3 days and the incredible metro network helped me to cover 15 tourist destinations and shopping hubs in such a short period of time. Having arrived by flight, I took the Airport Express line of the metro from IGI Airport station in terminal 3 which brings you to the city centre in just 20 minutes. If you are arriving in Terminal 1 or 2, you can take the metro from the new Terminal-1 IGIA station (Magenta Line). I checked into my hotel in the morning at Paharganj, a busy market area that is filled with a number of hotels and restaurants attracting both domestic and foreign tourists. The neighbourhood is advantageous for all tourists since it is situated in Central Delhi with its main bazar road having the New Delhi Railway station on its east and RK Ashram Marg Metro station on

The numbers and words behind football's biggest transfer : Paul Pogba to Manchester United

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So, now it being officially announced, weeks of expectations and excitement finally comes to an end for Manchester United fans around the world as everything goes in United's favor triggering football's biggest transfer - Paul Pogba to Manchester United. THE TRANSFER FEE The amount Manchester United paid for the move varied from source to source before the transfer but one thing was clear - WORLD RECORD. The highly reliable Di Marzio quoted a figure of £110m gross which includes other fees related to the transfer, so the net payment figure to Juventus by Manchester United will be a little over £100m as claimed by the Italian journalist. And agent Mino Raiola who secured the deals of Henrik Mkhitaryan and Zlatan Ibrahimović earlier in the window will be receiving a figure of £10-20m for Pogba's move to his boyhood club. Once the transfer got finalized and was announced officially on Sunday, Juventus surprsingly quoted the transfer fee on the statement as  €

Preview : Manchester United 2015/16

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After completing two tedious, prolong and boring two months, Manchester United are finally back on the pitch in the decorated pre-season tournament Champions Cup with wins against Club America, San Jose and treble winners FC Barcelona, most importantly by fielding the entire squad through the 90 minutes. The league campaign is set to begin next week and let us take a look on how the season is expected to unfold. INS AND OUTS Welcome! The only exciting thing during the two month break is the transfer window. And undoubtedly we had the best one of all and club chairman Ed Woodward deserves a lot of credit for not only avoiding anything similar to the Summer of '13 but for also doing what other clubs can only dream of. New signings Morgan Schneiderlin, Bastian Schweinsteiger and Matteo Darmian being unveiled at a press conference in Seattle, USA. Memphis Depay (£25m) : The earliest signing and the most expected arrival of the four new reds. At just 21, Memphi

Top 7 Manchester United Goal Celebrations

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There has been some iconic goal celebrations in recent times by players around the world. For a club of Manchester United's stature, goals have been flowing, so are the celebrations that follow. There have been lots of amazing celebrations by the red-devils in the past two decades. Here are the top seven goal celebrations by Manchester United in my opinion. 7. Lee Sharpe (Arsenal 1994/95) Manchester United's Lee Sharpe was famous for his trademark goal celebration of shaking his hips like a dancer. Throughout his United career, most of his goals were followed by this stylish celebration. The most notable of all came against Arsenal in front of the Old Trafford crowd as Sharp ran towards the corner flag and pretended it to be a mic and sang like a rock-star along with his trademark hip-shake. 6. Robin Van Persie (Stoke City 2012/13) The goal might have just come through a penalty-kick, but it meant a lot for him. The Dutch international finally ended hi