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The Latest Breaking News from OECD

Window closing for US to implement global corporate tax deal - Roll Call

Democrats’ window for rooting out tax havens and raising taxes on global companies’ foreign profits may be closing.

Roll Call

People in US and UK face huge financial hit if fossil fuels lose value, study shows

Strong climate action could wipe $756bn from individuals’ pension funds and other investments in rich countries

The Guardian - UK

UNICEF Accuses Wealthy Countries of Creating Unsafe Environment for Children

A new UNICEF report has revealed that children in the world’s wealthiest countries grow in a relatively healthy environment.

Asharq Al-Awsat

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Be wary of growing exports

The growing consumption in rich countries has come at a cost for developing countries such as India

The Hindu

‘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

Whether it was climate, integrity or the economy, no topic was safe from political spin in the 2022 election campaign. Here are the facts

Politicians were spinning hard for Australian's votes during the 2022 election. So who got their facts straight, and who missed the mark?

ABC News

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Australia’s greenhouse pollution from coal higher per person than any other developed country, data shows

Despite the growth of renewable energy, Australia’s per capita coal emissions of 4.04 tonnes of CO2 a year is nearly four times the global average

The Guardian - AU

Gas industry and Coalition reach for a get-out-of-catastrophe-free card in climate crisis Monopoly

Carbon capture and storage isn’t working close to a scale that would significantly lower emissions – despite billions in taxpayers’ cash thrown at it

The Guardian - AU

Josh Frydenberg says Australia has achieved a greater reduction in emissions than New Zealand, Canada and the OECD. Is that correct?

Treasurer Josh Frydenberg says Australia has achieved a reduction in emissions of 20 per cent on 2005 levels, which he says is greater than New Zealand, Canada and the OECD. RMIT ABC Fact Check investigates.

ABC News

Factcheck: Scott Morrison says Australia is a world leader in Covid recovery. Is he right?

It wasn’t a race, the prime minister famously said, yet now he’s claiming the win. Here’s how the numbers –on jobs, vaccines and the economy – really stack up

The Guardian - AU

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

Kids later than sooner. South Korean women freeze eggs as child-rearing costs surge

In South Korea, fewer women are having children and those who do are in no rush. The sky-high costs of housing and education make financial security a must. Social mores also dictate the need to be married.

Reuters

Morrison stance on minimum wages branded ‘hypocrisy’ as student loans remain indexed at inflation rate

National Union of Students says the Liberal’s position on minimum pay increases is at odds with automatic indexing of student loans to CPI

The Guardian - AU

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The Guardian - AU

‘Over-the-top alarmism’: economists dismiss concerns wage rises cause inflation

Australia’s minimum wage is shrinking compared to median pay, bucking global trends

The Conversation

Planning kids? You should know the major parties' parental leave policies before you vote

Most new Australian mothers receive government paid parental leave to support health, encourage workforce participation and balance work and family life equally with their partners. Despite this, Australia still has one of the least generous parental leave schemes in the developed world.

The Conversation

Even if next week’s budget avoids the issue, it’s time New Zealand seriously considered a wealth tax

Tax is back in the news. Often this means a looming budget or election, as is indeed the case now, with the government’s 2022 budget delivered next week.

ABC News

Even with unemployment low, wages fall behind cost of living. Can politicians get you a pay rise?

For some time, federal politicians have argued that wages will grow when unemployment is lower. But a new report finds the evidence does not support that and the best way for politicians to get workers pay rises is to change the industrial relations system.

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Manchester Evening News

'I know a lot of people who have died prematurely' - the Greater Manchester streets where women's life expectancy is lower than in Colombia

"I don't know a woman around here who hasn't skipped a meal to make sure their children get fed"

Newcastle Herald

Tech mogul Mike Cannon-Brookes will shut down Hunter power stations if his bid gets up

Mike Cannon-Brookes, Atlassian and AGL

ABC News

Penny Wong says annual aid to Solomon Islands is 28 per cent lower on average under the Coalition than it was under Labor. Is she correct?

Shadow Minister for Foreign Affairs Penny Wong says the Coalition has spent 28 per cent less on development assistance to the Solomon Islands than Labor did when last in government. Is that correct?

The Conversation

The Coalition is guaranteeing essential services and lower tax. We can't have both

In the midst of Labor’s campaign about the cost of living, the Coalition has zeroed in on one of those costs – taxes – and guaranteed to stop them rising. Its Lower Tax Guarantee promises:

The Guardian - UK

School exams: a major flaw in the UK’s education system

Letters: Look to Finland for a more equitable education system, writes Chris Sinha, while Michael Symonds says regurgitating information in exams doesn’t help in life and Derrick Joad accuses the government of punishing independent thinking

The Guardian - AU

Labor to support global push for minimum 15% tax rate on multinational corporations

Opposition backs OECD approach and says Australians pay more while ‘losing out on funds’ as multinationals avoid taxation

Liverpool Echo

Women in poorest parts of Merseyside die younger than those in Colombia, Latvia and Hungary

It is "a somewhat disappointing showing for the world's fifth largest economy"

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