Republicans vow to oppose Yellen’s G7 tax deal

Published

3 years ago

June 8, 2021

Multiple U.S. Senate Republicans have rejected Treasury Secretary Janet Yellen’s G7 deal to impose a global minimum corporate tax.

The opposition from Republicans may push President Biden to attempt to use budget procedures to pass the tax deal with only Democratic votes.

The uproar left lawyers and tax experts in Washington wondering whether it could get done without crafting a new international treaty.

“The deal is wrong”
one senator says.

Republican Senator John Barrasso said of the tax deal struck on Saturday by finance ministers from the G7 wealthy democracies will be wrong for the United States of America.

“I think it’s going to be anti-competitive, anti-U.S., harmful for us as we try to continue to grow the economy and certainly at a time when we’re coming out of a pandemic,”

Boeing’s bad luck continues following Starliner malfunction

Published

13 hours ago

May 7, 2024

Nathan Langridge

Long-awaited first crewed test flight of the new Starliner space capsule was called off over a technical issue that launch teams could not resolve in time.

Originally scheduled for liftoff from Florida’s Kennedy Space Center, the mission aimed to demonstrate Starliner’s capabilities and certify it for regular crewed flights to the ISS, as reported by Reuters.

Money

Will Australia’s foreign investment rule create an economic boost?

Published

13 hours ago

May 7, 2024

Nathan Langridge

Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

News

Is Russia planning a sabotage across Europe?

Published

15 hours ago

May 7, 2024

Nathan Langridge

Intelligence agencies across Europe have issued warnings of a potential plot orchestrated by Russia aimed at sabotaging key infrastructure and destabilising nations.

On this episode of Hot Shots – Russia could be planning a sabotage across Europe, Trump is facing jail, a painting valued over ten million is discovered and Beoing look to ignite the commercial space race.

Ticker’s Ahron Young & Veronica Dudu join to discuss.