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German Bundestag

Germany approves global minimum corporate tax

In 2021 almost 140 countries agreed to an Organisation for Economic Cooperation and Development deal they are meant to implement from next year to prevent big companies from avoiding taxation by transferring profits to low-tax countries. Germany has now formally implemented that commitment.

Colombia rainforest landscape

Deforestation in Colombia down 70% year-on-year

Since taking power last year, leftist President Gustavo Petro has enacted a slate of new policies aimed at protecting Colombian forests, including paying locals to conserve woodland. The recent gains in Colombia mirror similar advances in the Brazilian Amazon, where leftist President Luiz Inacio Lula da Silva has cracked down on forest clearing.