US House Speaker John Boehner tabled a plan to avert the fiscal cliff that left out tax increases for the wealthy and was rejected within an hour by the Whitehouse The plan also highlighted divisions among factions of the Republican Party. Boehner’s plan partly entails targeting US$800 billion in revenue over a decade from overhauling the tax code, closing loopholes …

PGG Wrightson and its majority shareholder Agria have signed a memorandum of understanding with China’s Administrative Authority for Yangling Agricultural High-Tech Industries Demonstration Zone. In a statement to the New York Stock Exchange the  companies said they will develop a high-profile agriculture showcase under the name, The China Yangling – New Zealand Agriculture Showcase. The Companies expect to benefit from preferential …

UK MPs argue that Starbucks, Google, and Amazon ‘immorally’ minimize their tax obligations. Lex’s Robert Armstrong and Oliver Ralph discuss how global companies may react.