You are here

Feed aggregator

Champions Hockey League: Start wieder verschoben!

Blick.ch - Tue, 09/08/2020 - 10:12
Die CHL wird im Oktober mit ihren K.o.-Runden nicht loslegen können. Der Start wird erneut verschoben – auf den 17. November. Hin- und Rückspiel werden am gleichen Ort ausgetragen.
Categories: Swiss News

Neue EU-Kommission: Irland verliert Handelsressort, Lette Dombrovskis übernimmt

EuroNews (DE) - Tue, 09/08/2020 - 10:08
Kommissionschefin Ursula von der Leyen hat das wichtige Handelsressort an den Letten Dombrovskis vergeben.
Categories: Europäische Union

Regressive Taxation Must Be Reversed

Africa - INTER PRESS SERVICE - Tue, 09/08/2020 - 10:05

By Jomo Kwame Sundaram
KUALA LUMPUR, Malaysia, Sep 8 2020 (IPS)

With many in the world experiencing declining living standards, there has been growing frustration. Many hope that progressive taxation will improve things. While some economies once had progressive tax systems, recent decades have seen regression.

Competing, contradictory trends
Triumph of Injustice, the recent book by Emmanuel Saez and Gabriel Zucman, both associates of ‘rock-star’ economist Thomas Piketty, calls for a US return to progressive taxation. The duo show that the US had one of the world’s most progressive tax systems, but now, the richest pay a lower tax rate than the poorest.

Jomo Kwame Sundaram

The two French economists at Berkeley consider the two major competing US ideologies on taxation based on rival claims with contemporary echoes. The socially regressive, ostensibly libertarian tradition has its roots in property, including slaves, who once accounted for 40% of the population of the US South.

Plantation owners and slaveholders opposed property taxes in the name of freedom and liberty. Meanwhile, the myth of the wealthy that low taxes have long been part of US history and tradition has become far more influential.

Another more progressive tax ideology can be traced to more egalitarian traditions, including some involving wealth taxation. The US has actually had some of the highest tax rates on the rich in world history, as taxation became more progressive from the 1930s, especially after the Second World War.

Regressive turn
Those most responsible for the U-turn from the 1980s have been US Presidents Ronald Reagan and Donald Trump. The authors attribute the great recent increase in US economic inequality to the “negative spiral” involving regressive tax reforms over the last four decades.

However, empirical support for their claim is suspect as the ‘primary’ distribution of income before taxation is hardly egalitarian. Besides the traditional division between capital and labour, rentier incomes and much higher executive remuneration have become far more significant in recent decades.

While regressive tax incidence has undoubtedly made things worse, exaggerating the fiscal system’s redistributive impact detracts from a more comprehensive understanding of contemporary inequality.

Avoidance and evasion
Successive US governments have also enabled tax evasion and avoidance by not investing enough to effectively enforce what remains of the US tax code. These have been portrayed by beneficiaries and their propagandists as ‘unavoidable’.

They then claim that the best option to ensure greater compliance is to lower ‘headline’ tax rates. Thus, instead of greater efforts to reduce tax avoidance and evasion, they urge further reduction of tax rates.

Saez and Zucman insist that governments, especially the world’s most powerful one in Washington, DC, must come down hard on tax dodgers, pointing out that not doing so is due to political choices made. They propose a Federal Protection Bureau to enhance capacity against tax evasion and avoidance.

Corporate taxation
The duo show that corporate taxes were crucial in narrowing the gap between rich and poor during the Keynesian Golden Age for a quarter century or so in the mid-20th century after World War Two.

While very high top personal income tax rates, and much more inheritance and property taxes can help, they show that corporate taxation was crucial. The corporate income tax rate then was 50%, taking half of firm profits.

The high tax rate also encouraged re-investing profits, rather than paying dividends and bonuses, encouraging firm growth with higher capital accumulation in the long-term.

Meanwhile, progressive government expenditure complemented progressive taxation, including more direct taxes, for a comprehensively progressive fiscal system, reducing overall economic inequality.

Proposals to reduce inequalities
Saez and Zucman persuasively offer a comprehensive set of proposals to reverse the downward spiral to rebuild a much more progressive US tax system, with many lessons very relevant elsewhere as well. Importantly, they discuss various options for the US, including many not requiring international cooperation.

They acknowledge that the US has already shown the way with its Foreign Account Tax Compliance Act (FATCA). FATCA compels all US citizens, both at home and abroad, to file annual reports on all their foreign holdings, ensuring greater financial transparency in the age of globalization.

Nevertheless, they insist it is not enough, arguing that “when it comes to regulating the tax industry, the Internal Revenue Service (IRS) brings a knife to a gunfight”, instead of enhancing US tax capacities and capabilities.

‘Tax all incomes equally’
The first principle of taxation for them is that all income should be taxed equally, whether from work or assets. Today, capital income is taxed much less than labour income, increasing inequality contrary to the popular presumption that taxation is progressively redistributive.

Saez and Zucman also show that the rich can afford to pay 4% of national income, or US$750 billion more in tax. Four sets of taxes would double their current average tax rate from 30% to 60%.

They propose a steeply progressive income tax, arguing that a top rate of 75% is most viable. The duo also recommend strongly enforced corporate tax, doubling inheritance tax revenues, and introducing a wealth tax.

Wealth tax necessary
The duo also insist that it will be impossible to reduce inequality in the contemporary world only by raising corporate, inheritance and income taxes, as important as these are to the overall effort.

At the rates recommended, a wealth tax would raise significant sums, but still would not radically reduce inequality or extreme wealth concentration. Hence, the authors argue for higher rates, not only to raise more government revenue, but also to reduce extreme wealth inequality and concentration.

Saez and Zucman argue that extreme wealth concentration has led to growth benefits being captured by a few. They argue for taxing the rich, not only to enhance revenue, but also to reduce extreme wealth concentration.

For them, “a radical wealth tax would lead to a reduction in the number of multibillionaires. More than collecting revenue, it would deconcentrate wealth”. They suggest a 10% rate on fortunes over US$1 billion.

This would not only make it harder to be a billionaire, but also much harder to become and remain a multi-billionaire. If their proposed wealth tax was in place from 1982, most of the 400 richest Americans would still be billionaires, but worth much less.

Their wealth shares would be closer to what they were in 1982, before the rapid rise of wealth inequality. Mark Zuckerberg would still have US$21 billion, instead of US$61 billion, while Bill Gates would be worth US$4 billion, instead of US$97 billion.

Inequalities linked
Under President Franklin Delano Roosevelt in the 1930s, an income tax top rate of 94% was introduced, apparently not to raise revenue, but rather, to limit high incomes and wealth concentration.

This effectively limited income differentials between the highest and lowest paid to far more reasonable levels. As top tax rates have drastically fallen since, executives now get several hundred times more than their lowest paid employees.

In a recent interview, Gates commented, “I’m all for super-progressive tax systems…I’ve paid over $10bn in taxes. I’ve paid more than anyone in taxes. If I had to pay $20bn, it’s fine. But when you say I should pay $100bn, then I’m starting to do a little math about what I have left over.”

 


!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');

The post Regressive Taxation Must Be Reversed appeared first on Inter Press Service.

Categories: Africa

Nobel Laureate Kailash Satyarthi on Where to Find the $1 trillion Needed for Marginalised Children

Africa - INTER PRESS SERVICE - Tue, 09/08/2020 - 10:03

By Stella Paul
HYDERBAD, India, Sep 8 2020 (IPS)

Nobel Laureate Kailash Satyarthi says that $1 trillion can solve many of the problems the world’s most marginalised communities are facing.

Satyarthi spoke to IPS in an exclusive interview on the eve of Fair Share for Children Summit, a global virtual conference, hosted by Laureates and Leaders for Children, which is founded by Satyarthi. The summit, which takes place from Sept. 9-10, brings together Nobel laureates, including the Dalai LamaTawakkol KarmanProfessor Jody Williams and leading international figures and heads of United Nations agencies to demand a fair share for the world’s most marginalised children during and beyond COVID-19.

This fair share, the Laureates and Leaders for Children say, translates to 20 percent of the COVID-19 response for the poorest 20 percent of humanity and amounts to $1 trillion.

Watch as Satyarthi outlines just what the money will be spent on.

 

 


!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs'); Related Articles

The post Nobel Laureate Kailash Satyarthi on Where to Find the $1 trillion Needed for Marginalised Children appeared first on Inter Press Service.

Categories: Africa

Ärger für Pensionskasse der Credit Suisse – Betroffene jubeln: Gericht stoppt Abriss der Grossüberbauung Brunaupark

Blick.ch - Tue, 09/08/2020 - 09:56
Die Gegner des Brunaupark-Neubaus können einen Erfolg verbuchen. Das Baurekursgericht heisst eine Beschwerde gegen den Bau der geplanten 500 Wohnungen gut.
Categories: Swiss News

«Es wird noch weitere Veränderungen geben»: Jetzt spricht der neue GC-Boss Sky Sun

Blick.ch - Tue, 09/08/2020 - 09:48
GC-Präsident Sky Sun kann aufgrund von Visa-Problemen aktuell nicht nach Zürich reisen. Dafür verspricht er via Videobotschaft, die Hoppers «wieder zurück an die Spitze des Schweizer Fussballs» führen zu wollen.
Categories: Swiss News

Bis am 7. Oktober: Italien verlängert Corona-Massnahmen

Blick.ch - Tue, 09/08/2020 - 09:44
Italien verlängert die Corona-Massnahmen bis am 7. Oktober. Grossveranstaltungen sind auf unbestimmte Zeit verboten. Trotzdem demonstrierten am Wochenende 2000 Menschen in Rom gegen die Massnahmen.
Categories: Swiss News

3300 Gebäude zerstört: Kalifornien schliesst Nationalparks wegen Waldbrand

Blick.ch - Tue, 09/08/2020 - 09:44
Die verheerenden Waldbrände in Kalifornien gehen weiter. Jetzt haben die Behörden mehrere Nationalparks geschlossen unter anderem den bekannten Sequoia National Park.
Categories: Swiss News

Coronavirus - Schweiz: Ausserordentliche Corona-Session im Nationalrat

Blick.ch - Tue, 09/08/2020 - 09:43
Der Nationalrat hat am Dienstag eine Corona-Debatte geführt. Es ging um Vorstösse, die den Kurs des Bundesrats bei der Bewältigung der Krise beeinflussen sollen. Die meisten davon sind bereits überholt.
Categories: Swiss News

The Capitals: Nord Stream, Nawalny, Neuinfektionen

Euractiv.de - Tue, 09/08/2020 - 09:41
Heute u.a. mit dabei: In Finnland wird über die Zukunft von Nord Stream 2 debattiert, in der Berliner Charité ist Nawalny aus dem Koma erwacht, und in Spanien wird die Marke von 500.000 registrierten COVID-Fällen überschritten.
Categories: Europäische Union

Brexit: Még mindig van idő a megállapodásra

Bumm.sk (Szlovákia/Felvidék) - Tue, 09/08/2020 - 09:40
Még mindig van idő arra, hogy Nagy-Britannia és az Európai Unió megállapodásra jusson a jövőbeni kétoldalú kapcsolatrendszer feltételeiről, de ehhez az szükséges, hogy az EU "reálisabban" álljon hozzá a tárgyalásokhoz.

Exclusive: Kailash Satyarthi Warns over a Million Children Could Die Because of COVID-19 Economic Crisis

Africa - INTER PRESS SERVICE - Tue, 09/08/2020 - 09:37

Nobel Laureate Kailash Satyarthi said that without prioritising children we could lose an entire generation as evidence mounts that the number of child labourers, child marriages, school dropouts and child slaves has increased as the COVID-19 pandemic spread across the globe. Courtesy: Kailash Satyarthi Children's Foundation

By Stella Paul
HYDERBAD, India, Sep 8 2020 (IPS)

Nobel Laureate Kailash Satyarthi warns of the danger that over one million children could die, not because of the COVID-19 pandemic, but because of the economic crisis facing their families.

In an exclusive interview with IPS, Satyarthi said that without prioritising children we could lose an entire generation as evidence mounts that the number of child labourers, child marriages, school dropouts and child slaves has increased as the COVID-19 pandemic spread across the globe.

He candidly noted that the most marginalised and vulnerable children in the world are still not prioritised by governments and policies and that the political will and urgency of action was simply not there to offer them protection.

Satyarthi is undoubtedly one of the greatest child rights’ crusaders of our time. Founder of Bachpan Bachao Andolan (Save Childhood Movement) – India’s largest movement for the protection of children and centred around ending bonded and labour and human trafficking, Satyarthi has been relentlessly working to protect the rights of children for over four decades. Save Childhood Movement has rescued almost 100,000 children from servitude and bonded labour, re-integrating them into society and aiding them in resuming their education.

IPS interviews Satyarthi on the eve of Fair Share for Children Summit, a global virtual conference, hosted by Laureates and Leaders for Children – also founded by Satyarthi. The summit, which takes place from Sept. 9-10, brings together Nobel laureates, including the Dalai LamaTawakkol KarmanProfessor Jody Williams and leading international figures and heads of United Nations agencies to demand a fair share for the world’s most marginalised children during and beyond COVID-19.

The pandemic has gravely endangered millions of children around the globe, and it is not just a moral obligation but also a practical step to protect these children, Satyarthi says.

He also elaborates what could be a fair share of the global pandemic recovery package for the children and how this could be managed. Excerpts follow:

IPS: Where does the world stand today in ensuring child rights? Which are the areas where we have clear progress, and where are we still failing?

Kailash Satyarthi (KS): I would be very blunt to say that the most marginalised and vulnerable children in the world are still not prioritised in the policies and fund allocations and spending on them. Protection of children needs a lot of political will and a lot of urgency and action which was not there. But I would agree that we have been making progress, slowly but surely, we are trying to protect our children in different areas. There is clear evidence that the number of child labourers has decreased over the last 20 years or so, the number of out-of-school children has also dropped considerably. Similarly, we made progress in the field of malnutrition. So, there were many areas we made progress. But as I said before, we require a tremendous amount of political will and action to protect our children.

IPS: How has the COVID pandemic endangered lives of children across the world?

KS: Well, before the pandemic, we had several problems in relation to safety, education, health and freedom of children. And since these children belong to the most marginalised sector of society – they are children of unorganised workers, peasants, farmers, they are children of indigenous peoples and children belonging to refugee communities. So, they were already suffering, injustice was there, inequality was there, but COVID-19 has exacerbated that inequality and injustice, and we see the worst effect is on children.

Though there is no direct infection or disease, the indirect effect is alarming, and that has to be addressed now. It is very clear that if we do not take urgent action now, then we risk losing the entire generation. It is evident and eminent from all sources that the number of child labourers, the number of child marriages, school dropouts, the number of child slaves, even children engaged in petty crimes – these will increase.

So, we have to underline these factors which are impacting the lives of children and their families, of course. And we have to be extremely vigilant and active about it. So, that sense of moral responsibility and political responsibility should be generated and educated.

I also think that this crisis is the crisis of civilisations. We were thinking that since everybody is facing the same problem, the pandemic would be an equaliser. But instead of being an equaliser, it has become a divider. Divisive forces are quite active in society, and equality and injustice are growing in the children. So, first of all, as an individual and a concerned citizen, one should generate compassion.

Two Tamil refugee children play in Mannar in northern Sri Lanka. The COVID-19 pandemic has gravely endangered millions of children around the globe. Credit: Stella Paul/IPS

IPS: The government stimulus package is expected to provide employment and help in economic recovery. Is it feasible to use this specifically for child development and child protection?

KS: It is not only feasible, it is necessary. We cannot protect humanity and ethos of equality and justice until and unless we address the problems of the most marginalised children and people of the world.

I am quite supportive of the government stimulus package, which is $9 trillion so far. I will give you an example – the stimulus is prioritised to bail out their own companies. Most of the developed countries are putting up stimulus to bail out their own economy, their banks, financial institutions and companies. In the United States, some companies have all-time high stock market situations.

On the other hand, we have a danger that over a million children will die – not because of COVID-19 pandemic, but because of the economic crisis, their parents are facing. So, this is injustice. How can you justify this? You need a stimulation package to bailout [the] economy, but you need a stimulation package to ensure that our children are protected. So, this is not just a moral question but also a very practical issue.

This is why in May earlier this year, I joined 88 Nobel Laureates and global leaders to sign a joint statement demanding that 20 percent of the COVID-19 response be allocated to the most marginalised children and their families. This is the minimum fair share for children.

IPS:  The theme of the summit is #FairShare4Children. What would be considered a fair share of the estimated $9 trillion set aside globally to mitigate the effects of the pandemic? Where are the most critical areas? And how should it be managed?

KS: Even if you only look at the $5 trillion packages announced in the first few weeks of the pandemic, 20 precent of that is $1 trillion – enough funding to fund all the COVID-19 U.N. appeals, cancel two years of debt for low-income countries, provide the external funding required for two years of the Sustainable Development Goals on Education and Water and Sanitation and a full ten years of the external funding for the health-related SDGs.

Within the estimated $9 trillion of governments’ aid, this would mean $1 trillion (for children). This funding would mitigate the increase child hunger and food insecurity, tackle the increase in child labour and slavery, the denial of education and the heightened vulnerability of children on the move such as child refugees and displaced children. These are the areas of immediate criticality. 

Some key demands to this end include – for one, the declaration of COVID vaccines as a global common good so that it is made available for free for the most marginalised communities. Secondly, the creation of a Global Social Protection Fund to provide a financial safety net to the poorest communities in lower and lower-middle income countries. Thirdly, all governments should cancel the debt of poor countries to allow them to redirect funds towards social protection. Lastly, governments should establish legislation to ensure due diligence and transparency for business and ensure its strict compliance to prevent the engagement of child labour and slavery in the global supply chains.

If we can prevent the devastating impact of COVID-19 on these areas in the present, if we can reduce the inequality in the world’s COVID-19 response, if we ensure the most vulnerable receive their Fair Share to we can then be in a position to salvage the future of our children.

 


!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs'); Related Articles

The post Exclusive: Kailash Satyarthi Warns over a Million Children Could Die Because of COVID-19 Economic Crisis appeared first on Inter Press Service.

Excerpt:

IPS senior correspondent Stella Paul interviews Nobel Laureate KAILASH SATYARTHI on the eve of Fair Share for Children Summit, a global virtual conference in which Nobel Laureates and world leaders are calling for the world's most marginalised children to be protected against the impacts of COVID-19.

The post Exclusive: Kailash Satyarthi Warns over a Million Children Could Die Because of COVID-19 Economic Crisis appeared first on Inter Press Service.

Categories: Africa

OSCE Mission to Montenegro organizes virtual workshop for country’s gender focal points

OSCE - Tue, 09/08/2020 - 09:32
463062 Marina Živaljević

The OSCE Mission to Montenegro and the Ministry of Human and Minority Rights’ Department for Gender Equality organized a virtual workshop for municipal Gender Focal Points’ network on monitoring, evaluation and report writing, from 2 to 4 September 2020.

Participants from 11 municipalities actively took part in the exercise that provided them tools to apply their skills and knowledge in reporting responsibilities.

The training aimed at aligning the monitoring and evaluation process of local action plans with the reporting needs at the national level, especially in terms of results, goals and impact. Trainers offered a model for consistent and high-quality status and progress reports. These reports will reflect the goals and objectives achieved during the implementation of local action plans for achieving gender equality and the level of their harmonization with the national action plans in this area.

Categories: Central Europe

Qui est «Grand M», le «petit lutin» malien ?

Afrik.com - Tue, 09/08/2020 - 09:30

Des centaines de vidéos et stickers sont échangés quotidiennement sur les réseaux sociaux. Certains font partie des modes, ils nous font rire pendant quelques jours et tombent dans l’oubli. Mais, il y a un petit personnage d’origine malienne, qui a conquis le cœur de nombreux internautes, ces derniers temps. Il s’agit de Mohamed Nantoumé alias […]

L’article Qui est «Grand M», le «petit lutin» malien ? est apparu en premier sur Afrik.com.

Categories: Afrique

Die drey scheenste dääg: Basler Fasnacht 2021 ohne Morgenstreich

Blick.ch - Tue, 09/08/2020 - 09:26
Kein Morgenstreich, keine grosse Umzüge dafür aber viele kleine Veranstaltungen. So sieht der Plan des Basler Fasnachts-Komitee für 2021 aus.
Categories: Swiss News

Egy ember elhunyt, 341-gyel nőtt a fertőzöttek száma Magyarországon

Bumm.sk (Szlovákia/Felvidék) - Tue, 09/08/2020 - 09:20
Elhunyt egy idős, krónikus beteg, és újabb 341 magyar állampolgárnál mutatták ki a koronavírus-fertőzést - közölte a koronavirus.gov.hu kedden.

Rohammentőt akart hívni magához a koronavírusos Vajna Tímea

Bumm.sk (Szlovákia/Felvidék) - Tue, 09/08/2020 - 09:00
Barta Sylviáról, Gáspár Laci és Hódi Pamela után Vajna Tímeáról is kiderült, hogy koronavírusos. A Bors munkatársa Timi budai otthonához látogatott, ott kaputelefonon keresztül tudott beszélni az özveggyel, aki elárulta, még mindig rosszul van és rendkívül gyenge.

Elhunyt Bruce Williamson, a Temptations volt énekese

Bumm.sk (Szlovákia/Felvidék) - Tue, 09/08/2020 - 08:40
Elhunyt Bruce Williamson, a világhírű amerikai soul zenekar, a Temptations volt énekese. A művész, aki 49 éves volt, vasárnap egy Las Vegas-i kórházban halt meg koronavírus következtében.

Pages

THIS IS THE NEW BETA VERSION OF EUROPA VARIETAS NEWS CENTER - under construction
the old site is here

Copy & Drop - Can`t find your favourite site? Send us the RSS or URL to the following address: info(@)europavarietas(dot)org.