International politics
Climate refugees, international terrorism, peace deals, and geopolitics galore—this page covers the trends and news that will influence the future of international relations.
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https://taxfoundation.org/blog/us-tax-treaty-brazil-singapore/
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Taxfoundation
Because taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
systems in countries differ, tax treaties can help minimize distortions and obstacles...
systems in countries differ, tax treaties can help minimize distortions and obstacles...
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https://www.openpr.com/news/3615720/mutual-fund-assets-market-expected-to-reach-usd-859-22-billion
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Openpr
has published market intelligence and competitive landscape report on the "퐌퐮퐭퐮퐚퐥 퐅퐮퐧퐝 퐀퐬퐬퐞퐭퐬 퐌퐚퐫퐤퐞퐭" published in June 2024. The Mutual Fund Assets Market size was valued at USD 528.13 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 7.2 percent from 2024 to 2030, reaching nearly USD 859.22 Bn.
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https://www.autoriteitpersoonsgegevens.nl/en/current/dutch-dpa-imposes-a-fine-of-290-million-euro-on-uber-because-of-transfers-of-drivers-data-to-the-us
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Dutch DPA imposes a fine of 290 million euro on Uber because of transfers of drivers' data to the US
Autoriteitpersoonsgegevens
"In Europe, the GDPR protects the fundamental rights of people, by requiring businesses and governments to handle personal data with due care", Dutch DPA chairman Aleid Wolfsen says. "But sadly, this is not self-evident outside Europe. Think of governments that can tap data on a large scale. That...
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https://theconversation.com/israel-11-months-of-war-have-battered-the-countrys-economy-237915
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Theconversation
After 11 months of war, Israel is facing its biggest economic challenge in years. Data shows that Israel's economy is experiencing the sharpest slowdown among the wealthiest countries of the Organisation for Economic Cooperation and Development (OECD). Its GDP contracted by 4.in the weeks after the October 7 Hamas-led attacks.
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https://www.forbes.com/sites/kellyphillipserb/2024/07/02/protests-continue-in-kenya-despite-pulling-tax-bill/
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Forbes
A tear gas canister explodes as protesters try to help injured people outside the Kenya Parliament during a nationwide strike to protest against tax hikes and the Finance Bill 2024 in downtown Nairobi, on June 25, 2024. (Photo by LUIS TATO/AFP via Getty Images)AFP via Getty Images
Protests are...
Protests are...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://cfotech.co.nz/story/telematics-is-helping-to-accelerate-economic-growth-across-apac
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Cfotech
The Asia-Pacific (APAC) region is the world's economic growth engine, powered by a growing consumer class, a strong manufacturing base and an accelerating innovation sector. Much of that growth has been powered by technology, and in fact one recent report found that in Southeast Asia could be a...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.theguardian.com/politics/2024/sep/18/exodus-uk-workforce-costs-16bn-a-year-lost-tax-receipts-covid
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Theguardian
The UK has suffered the biggest contraction in its workforce since the 1980s, costing the public finances at least £16bn a year in lost tax receipts, according to a study.Hundreds of thousands of people have quit the labour market since the pandemic and never returned, undermining the strength of...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://techcrunch.com/2024/07/25/revolut-receives-much-awaited-uk-banking-license/
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Techcrunch
Revolut has been granted a banking license from the Prudential Regulation Authority (PRA) in the U.K. This is a significant milestone for the London-based fintech company, particularly since it has been trying to secure this license since 2021.
Revolut has 45 million customers around the world,...
Revolut has 45 million customers around the world,...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.aljazeera.com/gallery/2024/8/6/bangladeshis-dream-of-a-better-future-after-hasina-ousted?traffic_source=rss
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Aljazeera
One day after the military took control of Bangladesh following the ouster of the prime minister, the parliament in the capital Dhaka was busy with protesters coming to celebrate.
More than a month of deadly protests in which at least 422 people were killed culminated on Monday in the deadliest...
More than a month of deadly protests in which at least 422 people were killed culminated on Monday in the deadliest...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.irishtimes.com/politics/2024/09/11/darragh-obrien-says-apple-funds-should-be-spent-on-housing/
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Irishtimes
Minister for Housing Darragh O'Brien has said the €13 billion Apple funds should be invested in infrastructure such as housing.The Court of Justice of the European Union ruled on Tuesday that the computing giant must pay €13 billion to Ireland."The Government, in a very considered way, will...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://taxfoundation.org/blog/global-tax-agreement/
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Taxfoundation
Latest Updates
A draft of the multilateral treaty for Pillar One was published in October 2023, and a deadline of June 30 for a final agreement has come and gone. The agreement between the US and several nations with discriminatory digital services taxes has also lapsed. Canada, which was not...
A draft of the multilateral treaty for Pillar One was published in October 2023, and a deadline of June 30 for a final agreement has come and gone. The agreement between the US and several nations with discriminatory digital services taxes has also lapsed. Canada, which was not...
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https://www.investmentexecutive.com/news/research-and-markets/global-economy-has-turned-the-corner-oecd-says/
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Investmentexecutive
"Inflation is projected to be back to central bank targets in most G20 economies by the end of 2025," it said, forecasting headline inflation for the G20 to decline from 5.this year to 3.in 2025, "with core inflation in the G20 advanced economies easing to 2.in 2024 and 2.in 2025." "Declining inflation provides room for an easing of interest rates, though monetary policy should remain prudent until inflation has returned to central bank targets," said OECD secretary-general Mathias Cormann in a release.
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https://www.wsj.com/articles/global-trade-is-shifting-not-reversing-11672457528
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Wall Street Journal
This article from the Wall Street Journal discusses how global trade is shifting, rather than reversing. The author argues that despite ongoing disruptions caused by COVID-19, technology and protectionism, the global economy continues to become more interdependent while international boundaries become increasingly blurred. Examples of this include increasing digitalization in global commerce, increasing opportunities for collaboration between companies through joint ventures and strategic alliances, as well as the rise of regional trading blocs such as ASEAN. Despite challenges posed by trade wars and geopolitical tensions, these changes will shape global trade for years to come. To read more, use the button below to open the original external article.
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https://www.scmp.com/news/china/article/3274383/gotions-revised-filing-which-cites-beijing-subsidies-spurs-new-wave-us-opposition
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Scmp
US-China relations Learn more Chinese EV battery maker's planned US$2.4 billion factory in Michigan, already a focus of local protest, may face more scrutiny, as lawmakers call for a new investigation US-China relations Khushboo Razdan. Chinese EV battery maker Gotion High-Tech has drawn a new wave of criticism in the United States after a recent filing with the federal government disclosed that the company benefits from subsidies from Beijing.
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https://www.theguardian.com/world/live/2024/jun/13/g7-summit-live-world-leaders-italy-ukraine-israel-gaza-war
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Theguardian
Key eventsShow key events onlyPlease turn on JavaScript to use this featureAngela GiuffridaOvernight Angela Giuffrida in Rome teed up the event for us with a look at what it means for Giorgia Meloni:When Giorgia Meloni met Joe Biden at the White House in March, he played Ray Charles's Georgia on...
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https://nypost.com/2024/08/16/business/apple-bashing-margrethe-vestager-ousted-from-europes-anti-trust-job-report/
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Nypost
The top EU bureaucrat who fined US tech giants billions of dollars is set to be forced out of her job, the Financial Times reported on Friday.
Margrethe Vestager, a former deputy prime minister of Denmark, has sparked fury on this side of the Atlantic during her decade as Europe's antitrust...
Margrethe Vestager, a former deputy prime minister of Denmark, has sparked fury on this side of the Atlantic during her decade as Europe's antitrust...
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https://www.interest.co.nz/technology/128562/inland-revenue-identifies-227000-nz-customers-transactions-valued-over-78-billion
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Interest
"Despite popular thinking - people are not invisible on [the] blockchain, and we have the analytics capabilities to identify and expose crypto asset activities," Inland Revenue Department spokesperson Trevor Jeffries warns. The warning comes as the IRD intends to scrutinise people who actively deal in crypto assets, but aren't declaring income from this in their tax returns.
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https://www.irishtimes.com/business/2024/08/26/uber-fined-290m-in-netherlands-for-sending-drivers-data-to-the-us/
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Irishtimes
Uber, the Ride-hailing platform, has been fined €290 million in the Netherlands for sending the personal data of European taxi drivers to the United States in violation of European Union (EU) rules, Dutch data protection watchdog DPA said on Monday.Uber has stopped the practice, the DPA...
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https://qz.com/canada-slaps-chinese-evs-tariffs-byd-mexico-us-europe-1851631628
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Qz
In This StoryCanada on Monday said it would join the U.S. and Europe in slapping China-made electric vehicles with massive tariffs as firms like BYD (BYDDY) look to expand. The Canadian Department of Finance said its tariffs are designed to protect more than 125,000 — mostly unionized — auto...
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https://goodauthority.org/news/france-macron-snap-elections-2024-lepen/
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Goodauthority
In a bold, unexpected move, French president Emmanuel Macron announced the dissolution of France's National Assembly on June This was an immediate reaction to big gains by the far right in the European Union elections - and the disappointing results of his coalition. France's surprise snap election with an abbreviated campaign will take place in two rounds, on June 30 and July just weeks before Paris is due to host the summer Olympic Games.
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https://oilprice.com/Energy/Energy-General/OPEC-Claims-Taxation-Is-a-Severely-Underrated-Driver-of-Gasoline-Prices.html
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Oilprice
Taxation in various major oil-consuming countries is a significantly more important factor in determining prices at the pump than generally thought, OPEC Secretary General Haitham Al Ghais wrote in an article published on Tuesday. "Most of what you pay at the pump is taxes" is the headline of the piece published on OPEC's website, in which the head of the cartel reiterates his position that crude oil and petroleum products are vital for the normal functioning of the world as we know it.
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https://nltimes.nl/2024/07/30/dutch-govt-wants-tax-cheap-imports-non-eu-countries
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Nltimes
The Dutch government wants webshops from outside the European Union to pay import duty on all orders that come to the Netherlands. Packages that cost less than 150 euros are currently exempt from import duty. The Ministry of Finance wants to scrap that exemption, a spokesperson confirmed to...