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Jun 4, 2025 |
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America One News
2 Feb 2025
#economy
Le Monde: Donald Trump wrecks global minimum tax on multinationals
The 15% global minimum tax on multinational profits, initiated by the OECD and expected to curb tax avoidance, was effectively dismantled by President Donald Trump on his inauguration day. This policy, which had garnered support from 140 nations, aimed to generate up to $200 billion annually in additional revenue.
Trump's memorandum halted years of diplomatic negotiations and efforts to establish a fair tax framework, crucial for the participation of the US, the world's largest economy. The move raises concerns about the future of international tax cooperation.
#crime
GB News: Jeremy Clarkson fumes it's 'completely out of hand' as he makes worrying Diddly Squat crime admission
Jeremy Clarkson has expressed concern over a rise in burglaries targeting farms in the Cotswolds, where he operates his pub, The Farmer's Dog. He criticized police response to thefts and shared anecdotes of local farmers banding together to find solutions, including controversial suggestions like keeping shotguns.
Clarkson also warned that proposed government measures on drink-driving could further harm the struggling pub industry. Amid these challenges, he recently traveled to Bruges with his farm manager, Kaleb Cooper.
#technology
Le Monde: Artificial intelligence: The first measures of the European AI Act regulation take effect
The European AI Act will begin enforcement on February 2, focusing on prohibiting specific AI uses, such as social rating systems and predictive policing. The upcoming AI Summit in Paris will address these regulations with global leaders and industry figures.
The Act represents a significant step in digital regulation, aiming to curb unethical AI practices while allowing some exceptions for law enforcement.