U.S. Treasury Secretary Janet Yellen revealed that 130 nations have agreed to a global minimum tax (GMT) on corporations as part of a larger agreement to update international tax rules. The Biden administration has urged that the rate be at least 15 percent, but Yellen has yet to announce an agreed-upon rate. The agreement — intended to end the practice of global corporations moving their headquarters to low-tax international jurisdictions — is a “key element” of Biden’s domestic plans for revenue and spending. Continue reading U.S. Brokers Global Minimum Tax with Support of 130 Nations

Loon, a California-based unit of Alphabet, and Telkom Kenya debuted 4G Internet service in central and western Kenya, a 31,000-square-mile area that includes the capital Nairobi. In preparation, over the last few months Loon launched 35 balloons 12 miles into the sky, above commercial airplanes. Previously, Loon provided Internet service via balloons in Puerto Rico after Hurricane Maria destroyed all the cell towers in 2017. Telecom executives are watching to see if Loon’s technology is reliable and profitable. Continue reading Loon and Telkom Kenya Provide Internet Service via Balloons

Microsoft has a plan for providing inexpensive broadband access to underserved areas of the U.S., and its president/chief legal officer Brad Smith just declared the company’s support for that plan. The company has long advocated the use of so-called TV white-space technology — unused TV spectrum — to bring broadband especially to rural areas. As part of the plan, Microsoft would also urge the Trump administration and Congress to make sure that unlicensed white-space spectrum is available in every market in the U.S. Continue reading Microsoft to Provide White-Space Broadband in Rural Areas

Unlike Google, Microsoft is not trying to connect the entire Earth by using drones or balloons. Instead, the company hopes to utilize television white space, an unused part of the broadcast spectrum, to provide more Internet access to people living in Africa. After running cost-effective pilot programs in the U.S. and Kenya, Microsoft has found that the challenge for Microsoft’s 4Afrika initiative is to persuade governments to lift regulations to allow them to utilize white space. Continue reading Microsoft Has Plans to Bring More Internet Access to Africa

Kenyan actress Lupita Nyong’o, currently generating buzz for her performance in “12 Years a Slave,” is the only actress who is campaigning for an Oscar through social media engagement this year. Nyong’o has gained a significant number of followers on Twitter and photo-sharing site Instagram. She has been actively linking photos of herself in magazines and retweeting mentions of her appearances on both sites, which has helped her gain publicity during the ramp-up to this weekend’s Academy Awards.  Continue reading Actress Generates Pre-Oscar Buzz Using Twitter and Instagram