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The Latest Breaking News from Mathias Cormann

Nobel prize-winning economist Joseph Stiglitz calls for windfall profits tax in Australia

Tax is a ‘no-brainer’ after companies’ huge profits during Covid but corporate influence makes it ‘politically difficult’, Stiglitz says

The Guardian - AU

The Loop: The PM arrives in Paris, house prices fall nationally, and the new financial year brings new policies

Here's your TL;DR for this morning's news.

ABC News

Election landslide prompts stark warning from WA Liberal women over 'zero appeal' to females

WA Liberal Party women call on the state party to put strong female candidates in winnable seats and reflect modern society or condemn themselves to long-term opposition, after a second-straight electoral trouncing.

ABC News

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‘Historic’ global tax deal on multinationals delayed until 2024

Some doubt the OECD-brokered agreement, which would levy more tax on the world’s largest firms, will ever be implemented

The Guardian - UK

OECD chief sees global digital tax deal pushed back to 2024

The Organisation for Economic Cooperation and Development (OECD) on Tuesday acknowledged for the first time that a global digital tax deal may take a year longer to implement.

Reuters

Leaders bump heads over housing policy

Both sides of politics are clashing over housing policy as Scott Morrison refuses to speculate on his plans in the event of a Coalition defeat.

AAP

While the punters obsessed about the Oscars slap, the elites met in Dubai to plan your future

'Given bread and circuses, they never revolt'

Newcastle Herald

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Deals, golf with Trump, and little introspection: Joe Hockey goes to Washington and writes his memoirs

Perhaps unfairly, the image most of us have of Joe Hockey comes from his time as federal Treasurer, when he was photographed smoking a cigar with then Finance Minister Mathias Cormann in the aftermath of the 2014 budget.

The Conversation

Global overseas aid climbs to all-time high, rising 4.4% in real terms – OECD

Concern expressed that figures count Covid vaccines as aid, while Britain is among EU countries accused of ‘gutting’ contributions

The Guardian - UK

Mathias Cormann calls for greater foreign aid despite role in Australian cuts

OECD leader urges increase despite previously defending Australia’s cuts while finance minister

The Guardian - AU

OECD tells Israel to cut red tape in non-tech sectors to boost productivity

Israel needs to cut red tape in traditional industries so they can boost productivity and catch up with the country's booming high-tech sector, the head of the Organisation for Economic Co-operation and Development (OECD) said on Sunday.

Reuters

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