Bold new Framework for International Tax agreed by 130 Countries
01/07/2021 -130 countries and jurisdictionsrepresenting more than 90%of global GDP have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate- Statement.
The framework updates key elements of the century-old international tax system, which is no longer fit for purpose in a globalised and digitalised 21st century economy.
09/10/2021 - multinationals will be subject to a minimum 15% tax from 2021.
As the main source of ransomware attacks is offshore, they
are unlikely to be stemmed by the threat of prosecution for making a ransom
demand. Offshore prosecution for such threats would be difficult to achieve in
the jurisdictions that most cyberattacks come from.
If the making of payments is banned, then company directors
and other individuals are less likely to pay a ransom. If they do pay a ransom,
then they become liable to prosecution.
By stemming the potential financial reward from ransomware
attacks the perpetrators are likely to look elsewhere for easier targets.
Politics is not working in this country!
Our politicians think that they are listening to and
representing the views of the people. The people think differently: In recent
research, 86% of those polled believed that Australian politics was only
beneficial to the politicians and was based on knee-jerk reactions. Barely one
in four thought Australian politics was trustworthy, balanced or fair. Very few
(<17%) believe that our political processes deliver positive outcomes, at
least most of the time.
8 in 10 Australians think it’s time to change politics.
There is a better way to do politics. Visit http://changepolitics.org.au
“Legislation should set out the
criteria and process by which grant money will be allocated. It should also
provide for greater transparency over grant processes by mandating regular
reporting to parliament. Ministers should also tell parliament when they approve
a grant that has been found to be ineligible or unworthy of funding.
The rules must also come with penalties that make pork-barrelling illegal. A
minister who allocates public money by prioritising their personal interests
over those of the community should commit an offence. Together, these changes
would bring about a seismic shift in how ministers allocate grant funding. “