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  • France, Ireland ready to discuss tax on Internet giants

    10/24/2017 7:21:33 AM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Oct 24, 2017 9:41 AM EDT
    French President Emmanuel Macron and Irish Prime Minister Leo Varadkar say they are ready to discuss the contentious issue of taxing internet giants after a meeting in Paris. Macron is leading the tax charge in Europe, saying it’s not fair that internet companies don’t pay taxes where they make most of their money. Countries that serve as tax shelters for companies like Apple, including Ireland, have resisted the proposed measure. …
  • US rejects French proposal on taxing tech companies

    10/15/2017 9:19:22 AM PDT · by Olog-hai · 9 replies
    TheLocal.fr ^ | 15 October 2017 11:55 CEST+02:00 | AFP
    The United States does not support a French proposal to tax the gross revenues of international tech corporations like Google and Amazon, Treasury Secretary Steven Mnuchin said on Saturday. The remarks come as European officials say Washington has softened in recent days on a point that has caused sharp transatlantic tensions in recent years. European authorities have targeted multinational companies that avoid taxation by seeking out cozy arrangements in low- and no-tax jurisdictions. […] In September of this year, French authorities proposed that the European Union impose taxes on gross corporate revenues because they say they have been unable to...
  • Ontario joins California’s market to sell pollution credits

    09/23/2017 10:25:53 AM PDT · by Olog-hai · 20 replies
    AP via Washington Times ^ | 4:01 pm, Friday, September 22, 2017
    California on Friday expanded its market for buying and trading permits to emit greenhouse gases to include the Canadian province of Ontario. The market is the centerpiece of California’s cap-and-trade program, which aims to reduce carbon pollution over time by capping emissions and requiring companies to obtain permits to pollute. Quebec is already part of the market. California is aiming to reduce emissions by 40 percent from 1990 levels by 2030. The two Canadian provinces have similar or stricter goals. California Gov. Jerry Brown signed the agreement Friday in Quebec at a meeting with officials of both provinces, capping off...
  • Germany and France plan to introduce new tax on internet giants

    08/30/2017 4:15:01 PM PDT · by Olog-hai · 11 replies
    TheLocal.de ^ | 28 August 2017 09:00 CEST+02:00 | AFP
    France and Germany plan to issue a new proposal to tax internet giants so that they pay a “fair contribution” in every country where they earn money, French finance minister Bruno Le Maire said on Sunday. “We will unveil a new plan along with our German partners at the next finance ministers’ meeting in Tallinn in mid-September” for taxing technology giants including Google, Apple, Facebook and Amazon, Le Maire said in a Facebook Live chat. “We propose taking the revenues of these large companies as a reference point, and use this to determine a tax level so that these companies...
  • Romney urges Trump to support Paris climate deal

    06/01/2017 10:36:41 AM PDT · by C19fan · 55 replies
    The HIll ^ | May 31, 2017 | Julia Manchester
    6.7K Romney urges Trump to support Paris climate deal 2012 Republican presidential nominee Mitt Romney on Wednesday expressed his support for the U.S. to remain in the Paris climate accord, arguing it was an opportunity to remain a leader on the world stage. “Affirmation of the Paris Agreement is not only about the climate: It is also about America being the global leader,” Romney tweeted.
  • France urges Trump not to rush on Paris climate deal

    05/25/2017 9:29:47 AM PDT · by Olog-hai · 6 replies
    TheLocal.fr ^ | 25 May 2017 17:51 CEST+02:00 | AFP
    French President Emmanuel Macron on Thursday said he hoped US President Donald Trump would not rush into deciding what to do with the Paris climate agreement. “My wish is that the United States takes no hurried decision,” Macron told a news briefing after talks with Trump, in which the two leaders discussed Washington’s doubts over the 196-nation climate pact reached in late 2015. “I told the US president the importance of the deal for us, the importance of the commitment made by the international community,” he said. …
  • The electoral college is thwarting our ability to battle global warming

    12/19/2016 4:39:22 PM PST · by dynachrome · 67 replies
    washington Post (fake news site) ^ | 12-19-16 | Todd Cort
    It is this solution, brilliant at the time, that leads us to Brearley’s legacy on climate change. Because over the course of the last 200 plus years, the electoral college, which provides for stronger voting power per person in more rural and less populated states, has elected four U.S. presidents who clearly lost the popular vote (1876, 1888, 2000 and 2016). Two of those elections have occurred during the period in which we have known about the causes and impacts of carbon dioxide emissions and climate change and in both cases, the impacts of those elections have very likely had...
  • Candidate for UN health chief eyes global tax to help WHO

    05/18/2016 2:18:52 PM PDT · by Olog-hai · 17 replies
    Associated Press ^ | May 18, 2016 2:40 PM EDT | Raphael Satter
    A French diplomat competing to be the world’s top health official says a tiny international tax can help fill the World Health Organization’s coffers, a proposal aimed at bringing order to the U.N. agency’s fragmented budget. Dr. Philippe Douste-Blazy told journalists at the Foreign Ministry in Paris that “micropayments” tacked on to as-yet-undetermined international business operations could support WHO’s budget. “I’m persuaded that innovative financing can play a role in the support of WHO,” he said. …
  • UN panel: $40 billion needed to aid people in war, disasters

    01/17/2016 8:55:44 AM PST · by Olog-hai · 17 replies
    Associated Press ^ | Jan 17, 2016 10:41 AM EST | Edith M. Lederer
    An estimated $40 billion is needed annually to help the rapidly growing number of people needing humanitarian aid as a result of conflicts and natural disasters - and one possibility to help fill the $15 billion funding gap is a small voluntary tax on tickets for soccer games and other sports, concerts and entertainment events, airline travel, and gasoline, a U.N.-appointed panel said. The panel's report on humanitarian financing, launched Sunday by U.N. Secretary-General Ban Ki-moon at an event in Dubai, says the world is spending around $25 billion today to provide life-saving assistance to 125 million people devastated by...
  • Obama Says a New Tax Is 'The Most Elegant Way' to Stop Climate Change

    12/01/2015 9:36:18 AM PST · by PROCON · 48 replies
    cnsnews.com ^ | Dec. 1, 2015 | Susan Jones
    (CNSNews.com) - At news conference in Paris on Tuesday, President Obama said "the most elegant way" to reduce carbon emissions is "to put a price on it." He was responding to a reporter who asked Obama, "I wonder if you see any political path back home toward putting a price on carbon?" "I have long believed that the most elegant way to drive innovation and to reduce carbon emissions is to put a price on it. This is a classic market failure," Obama replied. "If you open up an Econ 101 textbook, it will say the market's very good about...
  • Rising seas threaten to flood launch sites, NASA says

    09/07/2015 12:47:49 PM PDT · by PROCON · 97 replies
    CNN ^ | Sep. 6, 2015 | Brandon Griggs
    (CNN)—NASA's rockets are astounding machines, capable of blasting into space at thousands of miles per hour and withstanding temperatures twice the melting point of steel. But they can't take off underwater. Rising sea levels caused by melting ice caps threaten to disrupt a handful of NASA launch sites along U.S. coastlines, the space agency warns. In the coming years, launch facilities at Florida's Kennedy Space Center and other places may need to be retrofitted or even moved inland, NASA says. "Every NASA center has its own set of vulnerabilities, and some are more at risk than others," NASA climatologist...
  • WH Science Advisor: Make CO2 Emissions 'Close to Zero'

    12/22/2014 1:57:05 PM PST · by PROCON · 54 replies
    cnsnews ^ | Dec. 22, 2014 | Eric Scheiner
    (CNSNews.com) -White House Science Advisor John Holdren says the global goal is to have world-wide carbon dioxide emissions “close to zero by 2100.” As part of the White House “Open For Questions” video posted last week Holdren was asked: “Do you know the rate of reduction in carbon emissions the world would have to achieve in order to prevent an unstoppable process of methane release from the Arctic areas?” “No one knows for sure how much warming would be enough to produce this result, but it's thought to be considerably less likely to happen if the ultimate warming is less...
  • Why Increasing Antarctic Sea Ice Doesn't Mean Climate Change Isn't Happening

    12/06/2014 9:05:00 AM PST · by Oldeconomybuyer · 134 replies
    Business Insider ^ | December 4, 2014 | by CHELSEA HARVEY
    Antarctic sea ice reached a record high this year, topping 20 million square kilometers (nearly 8 million square miles) in September — a milestone it hadn't touched since 1979. It's a fact climate change deniers are fond of repeating. If the planet is warming, shouldn't sea ice be melting away rather than growing? It's true that the phenomenon is a confusing one — but it's no proof that climate change isn't happening. In fact, scientists believe that climate change is actually responsible for the strange events down in the Antarctic. The first thing to note is that sea ice and...
  • Europe emission targets 'will fail to protect climate'

    10/20/2014 4:27:08 PM PDT · by Oldeconomybuyer · 4 replies
    BBC News ^ | October 20, 2014 | By Roger Harrabin
    Europe’s leaders are about to consign the Earth to the risk of dangerous climate change, a UN expert says. Prof Jim Skea, a vice-chair of the Intergovernmental Panel on Climate Change, says the EU’s plan to cut CO2 emissions 40% by 2030 is too weak. He says it will commit future governments to “extraordinary and unprecedented” emissions cuts. The Commission rejected the claim, saying the 40% target puts Europe on track for long-term climate goals. Prof Skea believes governments are setting targets by what appears to be politically achievable rather than what is necessary to transform the way we make...
  • Spain’s attempt to get EU to hit Gibraltar

    04/26/2013 11:24:22 PM PDT · by Olog-hai · 5 replies
    Gibraltar Port Authority ^ | April 24, 2013 | David Eade
    Given the good relations Gibraltar has now established with the EU in our own right, our government needs to use those to ward off a new attack by Spain. The Ministro de Hacienda y Administraciones Publicas, Cristobal Montoro, says that Spain has signed an accord with other European countries to form a working group to force the EU to eradicate what Spain calls “paraisos fiscales”. Montoro has Gibraltar firmly in his sights, and confirmed Spanish media reports that the Agencia Tributaria had formed a working group to stamp out tax evasion; specifically, the millions of euros Madrid insists are implanted...
  • Wealth tax to pay for EU bail-outs

    04/23/2013 6:12:18 PM PDT · by Lorianne · 15 replies
    Telegraph UK ^ | 14 April 2013 | Ambrose Evans-Pritchard
    Around 400,000 Britons live or own homes in the south of Spain, which is suffering a deep recession that is hampering Madrid’s attempts to balance the public finances and stave off a bail-out. Senior figures in Germany are now arguing that some richer home owners in countries like Spain, Portugal and Greece have so far avoided paying their fair share to rescue the euro, leaving Germany paying too much. Taxes on property or other assets would mark a significant change in Europe’s approach to funding bail-outs for eurozone members. Until now, the cost of rescue packages for countries like Ireland,...
  • Europe’s Tobin tax plan challenged by Italy, UK

    04/23/2013 3:35:16 PM PDT · by Olog-hai · 1 replies
    EurActiv ^ | 23 April 2013 | Jeremy Fleming
    The proposal to introduce a tax on financial transactions (FTT)—or Tobin tax—across a number of EU countries by January 2014 is under pressure as Italy wants fundamental changes to the plan and the UK has launched a legal challenge in the European Court of Justice. A statement on Saturday (20 April) from Italy’s permanent representative in Brussels, Ferdinando Nelli Feroci, said: “Transactions in state bonds should be excluded from the taxed instruments in the proposed Tobin tax.” He described this as a red-line, non-negotiable issue for Italy. … The plan was requested through “enhanced cooperation” by 11 countries, including Italy,...
  • Switzerland to defy EU tax transparency

    04/16/2013 6:18:20 PM PDT · by Olog-hai · 4 replies
    EU Observer ^ | 15.04.13 @ 09:30 | Benjamin Fox
    Switzerland should reject EU plans for mandatory information exchange on bank accounts, the country’s President has said. His statements comes amid new momentum in the EU to establish a system of automatic exchange of information among its member states and with other countries. In particular, it is anxious to agree a bilateral deal with Switzerland, one of the world’s largest tax havens. Speaking over the weekend to the La Matin Dimanche journal, the Swiss head of state, Ueli Maurer, said that the EU’s stance was “a dangerous moment for the country.” He added that the country’s status outside the EU...
  • Austria attacks UK as EU finance talks get ugly

    04/12/2013 6:25:31 PM PDT · by Olog-hai · 12 replies
    EU Observer ^ | 12.04.13 @ 09:28 (April 12) | Andrew Rettman
    Austria has accused the UK of being a haven for money launderers ahead of an EU meeting in Dublin, with Cyprus, Ireland, Portugal and Slovenia’s (potential) bailout needs also on the agenda. The Austrian finance minister, Maria Fekter, described Britain as “the island of the blessed for tax evasion and money laundering” in an interview with her country’s Kurier newspaper on Thursday (11 April). Comparing the UK and its “protectorates”—micro-states subject to British law—to Cyprus in terms of hosting secretive foundations and trusts, she noted: “Just as we urged the abolition of sealed foundations in the Cyprus rescue to drain...
  • EU Commission prepares ground for far-reaching economic powers

    03/23/2013 11:18:59 PM PDT · by Olog-hai · 6 replies
    EU Observer ^ | 21.03.13 @ 17:46 | Honor Mahony
    The European Commission has started preparing the ground for legislation that would prevent member states from undertaking major tax, labor or financial reforms without running it by the commission and other governments first. In an ideas paper published Wednesday (20 March), the commission said this ex-ante coordination should concern “major national economic reform plans and should take place at an early stage before the measures are adopted.” The suggested scope of covered policies would implicate virtually all national government legislation—including competitiveness and employment laws, reforms that cover product and services markets, as well as those affecting tax systems and network...