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://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://financialit.net/news/infrastructure/payabl-joins-association-cyprus-international-financial-firms
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Financialit
payabl. Joins The Association Of Cyprus International Financial Firms payabl., a leading European PayTech, proudly announces its official membership in the Association of Cyprus International Financial Firms (ACIFF), a significant milestone in its journey to further enhance its role and influence...
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https://www.theguardian.com/business/article/2024/jun/18/investment-in-uk-has-trailed-other-g7-countries-since-mid-1990s-ippr-says
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Theguardian
Investment in the UK has trailed other G7 countries including the US and Germany since the mid-1990s, according to a report that urges Labour and the Conservatives to reverse planned cuts to investment or risk long-term damage to economic growth.The Institute for Public Policy Research (IPPR)...
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Insight posts
Insight posts
Human rights groups and governments are concerned about neurotechnology's use of brain data.
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https://thesun.my/business-news/malaysia-to-start-carbon-pricing-soon-explore-carbon-tax-MA12650914
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Thesun
KUALA LUMPUR: Malaysia will soon begin carbon pricing to facilitate carbon trading and explore carbon tax, said Deputy Investment, Trade and Industry Minister Liew Chin Tong. Revenue from these measures, he added, should be channelled into green investments, including investments in green steel. "The European Union (EU) will implement a carbon border adjustment mechanism (CBAM) in 2026.
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.naturalnews.com/2024-07-31-us-dumps-billions-ukraine-national-debt-high.html
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Naturalnews
America's national debt reached a new high of $35 trillion this week around the same time U.politicians threw another $1.7 billion at Ukraine. Russia's ambassador to the United States Anatoly Antonov is speaking out against Washington, D.C., gross mismanagement of taxpayer funds, which will eventually flush the entire nation down the economic drain.
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.irishexaminer.com/business/companies/arid-41451661.html
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Irishexaminer
Irish-founded oil exploration firm Tullow Oil's half year profits increased on higher crude prices.The company, which focuses its operations in West Africa, posted gross profit of $460m (€421m) for the first six months, compared to $351m a year earlier and its profit after tax rose from $70m last...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.bandt.com.au/omnicoms-q2-results-beat-market-expectations-but-apac-revenue-flat/
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Bandt
Stronger-than-expected growth in advertising and media in the Americas and UK has enabled the holding company to beat Wall Street forecasts.
Omnicom has reported 5.2 per cent organic growth to $3.85 billion to beat market expectations in the second quarter of 2024. Revenue for the first half of...
Omnicom has reported 5.2 per cent organic growth to $3.85 billion to beat market expectations in the second quarter of 2024. Revenue for the first half of...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://taxfoundation.org/research/all/eu/wealth-tax-impact/
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Taxfoundation
Key Findings
Many developed countries have repealed their net wealth taxes in recent years. Among Organisation for Economic Co-operation and Development (OECD) countries, only four currently impose one: Colombia, Norway, Spain, and Switzerland.
Countries have repealed their wealth taxes for a...
Many developed countries have repealed their net wealth taxes in recent years. Among Organisation for Economic Co-operation and Development (OECD) countries, only four currently impose one: Colombia, Norway, Spain, and Switzerland.
Countries have repealed their wealth taxes for a...
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.news24.com/news24/world/news/uks-labour-sweeps-to-power-as-sunak-concedes-election-20240705
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News24
Keir Starmer's Labour Party is set to win a historic parliamentary majority, unseating Rishi Sunak's Conservative government after 14 years. Labour is predicted to win around 410 seats out of 650, while Conservatives have won 70 so far, marking a significant defeat for them amidst a cost of living crisis and public dissatisfaction.
FUTURE TIMELINE
COUNTRY FORECASTS
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https://www.scmp.com/economy/china-economy/article/3278424/chinas-low-priced-evs-reign-spain-make-gains-europes-lanes
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Scmp
Beating competitors on price, China's electric vehicles have made headway in Europe - but tariffs and trade scrutiny may slow their advance. After taking his neighbour's electric vehicle (EV) - a model from Shanghai-based MG Motor - for a spin, Spanish taxi driver Jose was convinced. Following the loss of his high-paying job as an economic analyst during the 2008 financial crisis, he has worked as a cabby while living in Barcelona and London.
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https://koreatimes.co.kr/www/nation/2024/07/488_378909.html
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Koreatimes
The ruling People Power Party (PPP) is pushing for an inheritance tax revision whereby the rate and taxable amount are set on gains from trading inherited assets, instead of their value at the time of the owner's death. Korea's maxium nominal rate is 50 percent, the highest among OECD countries, second only to Japan's 55 percent.
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https://koreatimes.co.kr/www/nation/2024/07/501_379622.html
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Koreatimes
Venezuela opposition leader Maria Corina Machado said on Monday that the country's opposition has 73.2 percent of the voting tallies from Sunday's election, allowing it to prove election results it says give it a victory. The national electoral authority has proclaimed incumbent President Nicolas Maduro the winner of the vote, giving him a third term in office and extending 25 years of socialist party rule.
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https://www.mdpi.com/2673-8392/4/3/83
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Mdpi
The Pink Tax has plagued many sectors within companies for decades []. It refers to gender-based pricing, where products and services targeted at women are priced higher than similar products marketed to men []. Relevant studies and articles will be utilised to highlight gaps in existing research, aiming to raise awareness of the implications arising from the Pink Tax due to marketing and management practices, with a particular focus on a company of choice.
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https://taxfoundation.org/data/all/eu/cigarette-taxes-europe-2024/
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Taxfoundation
Cigarette smokers in the European Union pay far more in excise taxes than they do for the cigarettes themselves. The EU Tobacco 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...
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https://economictimes.indiatimes.com/news/economy/policy/budget-may-include-implementation-of-global-minimum-corporate-tax-rate/articleshow/111781864.cms
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Economictimes
Budget Tax Announcements: Finance Minister Nirmala Sitharaman may declare India's commitment to 'Pillar 2', aiming to implement a global minimum effective corporate tax rate of 15%, during the upcoming Budget, ToI reported. This initiative, led by the Organisation for Economic Cooperation and...
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http://ktemoc.blogspot.com/2024/08/oecd-moots-gradual-return-of-gst-for.html
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Ktemoc
PUTRAJAYA, Aug 27 — Malaysia should seriously consider bringing back the goods and services tax (GST) to increase its revenue, the Organisation for Economic Co-operation and Development (OECD) said in its report on Malaysia released today. The OECD Survey of Malaysia 2024 noted that the country's current tax system contributes only 12 per cent to the economy and suggested that the government explore ways to boost revenue since its spending, including on subsidies, eats up 3.5 per cent of the GDP.
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https://www.theguardian.com/business/live/2024/sep/25/rightmove-offer-rupert-murdoch-rea-chinese-stocks-rally-business-live
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Theguardian
Key eventsShow key events onlyPlease turn on JavaScript to use this featureClosing summaryThe global economy is "turning a corner", according to the latest outlook from the Organisation for Economic Cooperation and Development (OECD) as it upgraded the UK's growth forecast for this year to faster...
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Insight posts
Insight posts
Inflation has made sustainability projects costly and slow, but the green technology sector might still have a fighting chance.
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https://legalinsurrection.com/2024/08/eu-reminds-elon-musk-of-its-authoritarian-speech-rules-ahead-of-trump-interview/
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Legalinsurrection
The European Union sucks so much.
Thierry Breton, the EU commissioner for Internal Market, warned Elon Musk to avoid "hate speech" during his interview with former President Donald Trump.
Musk will broadcast the interview live on X at 8 PM ET.
Breton mentions the Digital Services Act, the bloc's...
Thierry Breton, the EU commissioner for Internal Market, warned Elon Musk to avoid "hate speech" during his interview with former President Donald Trump.
Musk will broadcast the interview live on X at 8 PM ET.
Breton mentions the Digital Services Act, the bloc's...
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https://www.bangkokpost.com/business/general/2860812/law-to-tax-income-from-overseas-in-the-works
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Bangkokpost
The Thai Revenue Department is drafting a law to tax the income of individuals residing in Thailand that originates from overseas. The draft follows the international principle of worldwide income under the residence rule, said Kulaya Tantitemit, the director-general of the department. This principle holds that income earned by an individual, regardless of its source country, must be taxed by the country where the individual resides for a specified period.
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https://www.benzinga.com/markets/equities/24/08/40453651/elon-musk-in-a-trump-cabinet-ex-president-calls-tesla-ceo-a-very-smart-guy-hints-at-scrapping-7-
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Benzinga
Former U.S. President Donald Trump hinted at the potential discontinuation of the $7,500 tax credit for electric vehicle purchases if he is re-elected. Trump also expressed openness to appointing Elon Musk, CEO of Tesla Inc. TSLA, to a cabinet or advisory role.
What Happened: Trump, the...
What Happened: Trump, the...