Monday, June 28, 2021

Today in Global Small Business: Should You Care About the Global Minimum Tax?

What's affecting me, my clients, my colleagues and other global small business owners:

  • With International MSMEs Day, China vows more support for small businesses.
  • Changes in global tax structure – the Global Minimum Tax – will affect even global small businesses. Here's how to prepare.
  • In the midst of a global pandemic, no matter how hard-working, creative, patient or resilient the local small business owner may be, the odds of achieving success are slim.  Yet they manage to survive and thrive.  Here's how.
  • Quote of the week:  "I call Alibaba '1,001 mistakes.' We expanded too fast, and then in the dot-com bubble, we had to have layoffs. By 2002, we had only enough cash to survive for 18 months. We had a lot of free members using our site, and we didn't know how we'd make money. So we developed a product for China exporters to meet U.S. buyers online. This model saved us." – Jack Ma, co-founder and former executive chairman of Alibaba Group
  • The resale market is booming.  Here's how global small businesses can benefit.
  • Trade experts take stock on USMC's first anniversary.

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