Global Issues
News headlines for “G8: Too Much Power?”, page 153
Ensuring Fairer International Corporate Taxation
- Inter Press Service
SYDNEY and KUALA LUMPUR, Sep 03 (IPS) - Large transnational corporations (TNCs) are widely believed to be paying little tax. The ease with which they avoid tax and the declining corporate tax rates over the decades have deprived developing countries of much needed revenues besides undermining public faith in the tax system.
The Arctic: Earth´s Last Frontier
- Inter Press Service
STOCKHOLM / ROME, Aug 29 (IPS) - The last frontier for utilizing and maybe even exhausting Earth´s natural resources is opening up in the Arctic and some of the world´s wealthiest nations are trying to secure their piece of the cake. Some act openly, others are more secretive – recently one of the competitors entered the game in a remarkably unwieldy manner.
Let’s Walk the Talk to Defeat Climate Change – African Leaders Told
- Inter Press Service
ADDIS ABABA, Ethiopia, Aug 28 (IPS) - African leaders have been asked to walk the talk, and lead from the front, in order to build resilience and adaptation to the adverse impacts of climate change on the continent.
Kenya: The troubles of a science PhD from the West
- Inter Press Service
NAIROBI, Kenya, Aug 27 (IPS) - Graduate students of the London School of Economics and Political Science gathered at Kenya's coast in September 2018, where the Secretary-General of the United Nations Conference on Trade and Development (UNCTAD) Dr Mukhisa Kituyi told them: "With your international credibility, it is easier and tempting to leave and take out of the continent the little intellectual resource that could solve problems their countries face."
Sudan Transition an “Opportunity” to End Darfur Crisis
- Inter Press Service
UNITED NATIONS, Aug 27 (IPS) - Sudan's transition to civilian rule offers a chance to end the ethnic violence that plagues the western province of Darfur and end a peacekeeping mission there, a top United Nations official said Monday.
Trade, Currency War Weapons Double-Edged
- Inter Press Service
SYDNEY and KUALA LUMPUR, Aug 27 (IPS) - The US-China trade war has flared up again less than two weeks after US President Donald Trump delayed new tariffs of US$160 billion on Chinese imports until December, purportedly to avoid harming the holiday shopping season.
Two Million Children in West and Central Africa Robbed of an Education Due to Conflict
- Inter Press Service
JOHANNESBURG, Aug 24 (IPS) - Fourteen-year-old Fanta lives in a tent in a settlement in Zamaï, a village in the Far North Region of Cameroon with her mother and two brothers. They came here more than a year ago after her father and elder brother were murdered and her elder sister abducted by the extremist group Boko Haram.
A ‘Cure’ for Ebola but Will it Stop the Outbreak if People Won’t Get Treatment?
- Inter Press Service
COTONOU, Benin, Aug 20 (IPS) - While people in the Democratic Republic of Congo (DRC) are slowly being made aware that scientists have discovered two drugs that are effective in treating Ebola, letting go of the fear and anxiety that has prevailed this year will require more work.
Southern African Development Community Loses Billions in Illicit Outflows
- Inter Press Service
UNITED NATIONS, Aug 20 (IPS) - The Southern African Development Community (SADC), which comprise 16 member states, loses about 8.8 billion dollars in trade-related illicit outflows and about 21.1 billion dollars in external government debt payments annually, according to a new report released here.
South Must Also Set International Tax Rules
- Inter Press Service
SYDNEY and KUALA LUMPUR, Aug 20 (IPS) - Recently, Christine Lagarde, outgoing Managing Director of the International Monetary Fund (IMF), argued that developing ‘countries need a seat at the table' to design rules governing international corporate taxation.
This acknowledges recent IMF findings that developing countries lose approximately USD200 billion in potential tax revenue yearly, about 1.3 per cent of their GDP, due to companies shifting profits to low-tax locations. Oxfam estimated in 2018 that extreme poverty could be eradicated for USD107 billion annually, i.e., about half the lost revenue.
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