Crystal Concise May 2022
Here’s a snapshot from the Crystal team of some of the highlights and points of note for finance and corporate comms pros from around the jurisdictions and media world this past month…
IoM: Douglas was granted official City status as part of the Queen’s Platinum Jubilee celebrations.
BVI: following a report and significant political and public debate into governance failures, the UK government decided against direct rule.
Luxembourg: Google's massive data hub ambitions in the country could be revised following lengthy legal battle.
EU: Google pays more than 300 EU publishers for content. It's the result of the 2019 European Copyright Directive, which is being rolled out country-by-country
Global Tax stalls: despite 140 countries backing a 2023 implementation date for significant corporate tax changes, rules now look to be shifted to 2024
Pandemic Cost: the cost to IFCs of the pandemic is becoming clearer, with an auditor general's report in Cayman calculating that the pandemic cost the Cayman government $333m, covering lost revenues and expenditure
ESG backlash: a US entrepreneur has raised $20m and launched a fund that will only invest in firms that are focused on maximising profits. It's the antithesis of the ESG movement.
Social media: Less than a year after launching a suite of podcast support tools, Facebook announced it was removing podcast support, indicating a move away from the audio content space.