Luxury homes could lose 40% in value, says Mozilo

Brussels says it will "carefully study" whether to appeal to Europe's top court after Amazon won the annulment of a 2017 back-taxes ruling.

The US has suspended tariffs against six countries in a row over taxing tech giants. But the levies could still be imposed if an international agreement on digital tax isn't reached. Also in the show: the International Labour Organization says more than 100 million people have been plunged into poverty during the pandemic, and the world's largest meat-processing company recovers from a cyberattack.

Finance ministers representing the world's wealthiest nations are meeting for a two-day summit in London, aiming to make progress on a deal to overhaul the way corporations are taxed worldwide. A G7 accord could involve a new global minimum tax rate. Also, the US expands a ban on investments in Chinese companies.

The world's largest economies will plan how to push ahead with the proposal to set a minimum corporate tax rate. Some countries are still withholding their support.

Finance ministers from the world's largest economies are now on board with the US push to fight tax havens. But there is "very little time" before it goes into effect in 2023, German Finance Minister Olaf Scholz warns.

Colombians take to the streets of Bogota to protest against President Ivan Duque's government, which has submitted a new tax reform plan to Congress.

Raids on the Dainik Bhaskar newspaper and Bharat Samachar television network have sparked accusations of intimidation by a government angry with the media's response to its handling of the pandemic.

State-affiliated media in China has taken a second swipe at the gaming industry triggering another market tumble. Investors fear further crackdowns.

Here are a few reasons to pick up a copy of The Guardian on Thursday. Find these stories and much more when you grab a copy of The Guardian on Thursday.⁣⁣ ⁣

UK PM Johnson's tax on workers 'unfair', says opposition

The UK has announced its second round of tax hikes in a year. With the Biden US administration expected to follow suit, are other countries putting off the inevitable?

Austria announced the introduction of a new "eco-social" reform of the tax system. Everyone in the governing coalition gets something: but does the environment?