World
The European Union adds Russia to its blacklist of tax havens
The European Union has added Russia to its blacklist of tax havens after the nation amended its enterprise laws in a method the bloc considers detrimental and unfair.
“The Russian Federation has not fulfilled its dedication to amend its dangerous preferential tax regime,” financial and finance ministers from the 27 member states mentioned after assembly on Tuesday.
The breakdown in dialogue between the EU and Russia because of the invasion of Ukraine prevented the tax frictions from being resolved, ministers famous.
“With Russia, clearly, at present there is no such thing as a engagement,” mentioned Valdis Dombrovskis, the European Fee’s government vice-president.
“One can’t clearly say that Russia is cooperating on tax issues.”
Swedish Finance Minister Elisabeth Svantesson, whose nation holds the EU Council’s rotating presidency, mentioned the choice was not primarily based on a “political purpose,” regardless of the actual timing, however fairly on a technical evaluation that proved Russia had “failed” to handle the dangerous components of its laws.
These components relate to the revenue from mental property and so-called “grandfathering provisions,” which permits enterprise entities to observe previous guidelines as a substitute of latest ones.
The EU Council didn’t instantly reply to a request for additional clarification.
Additionally on Tuesday, ministers added the British Virgin Islands, Costa Rica and the Marshall Islands to the blacklist, bringing the overall to 16 jurisdictions.
‘Complete whitewash’
First adopted in 2017, the EU’s tax record is up to date twice a 12 months.
Brussels insists the general public catalogue is not meant to “identify and disgrace” different international locations, however to “encourage constructive change” in tax practices by way of cooperation and continued dialogue.
International locations around the globe are assessed towards three key standards: tax transparency, truthful taxation, and measures to sort out base erosion and revenue shifting (BEPS) by multinationals.
Those that do not adjust to the factors are requested to make adjustments to their laws.
In the event that they refuse to take action, the EU can add them to the record, which does not use the politically charged time period of “tax haven” and as a substitute speaks of “non-cooperative jurisdictions.”
The labelling does not entail any reprisals or sanctions past the reputational harm.
On Tuesday, ministers granted Hong Kong, Malaysia and Qatar, three international locations underneath scrutiny for his or her tax regimes, an extension to make reforms.
Barbados, Jamaica, North Macedonia and Uruguay had been discovered to have accomplished the required steps.
Ministers additionally highlighted latest commitments made by Aruba, Curaçao, Belize, Israel and Albania, an official candidate to affix the 27-strong bloc.
The EU’s blacklist has usually been the goal of criticism from tax consultants and civil society organisations, who argue its scope is way too restricted and fails to focus on member states, corresponding to Luxembourg and the Netherlands, that current traits of tax havens.
Chiara Putaturo, a tax coverage advisor at Oxfam’s EU workplace, lambasted the record as a “complete whitewash” for excluding jurisdictions like Bermuda and Cayman Island, two abroad territories identified for internet hosting shell corporations utilized by companies to keep away from paying increased taxes of their residence international locations.
“With this joke record, the EU continues to permit the super-rich and worthwhile to stash away their fortunes whereas strange individuals are battling with the cost-of-living disaster,” Putaturo mentioned in an announcement.
“The replace is one more missed alternative to place an finish to tax havens and get billions again to bridge the hole between the super-rich and strange folks.”
World
Biden will give election-year roast at annual correspondents' dinner as protests await over Gaza war
WASHINGTON (AP) — President Joe Biden is set to deliver an election-year roast Saturday night before a large crowd of journalists, celebrities and politicians against the backdrop of growing protests over his handling of the Israel-Hamas war.
In previous years, Biden, like most of his predecessors, has used the annual White House Correspondents’ Association dinner to needle media coverage of his administration and jab at political rivals, notably Republican rival Donald Trump.
But with protesters pledging to gather outside the dinner site, any effort by Biden to make light of Washington’s foibles and the pitfalls of the presidential campaign will have to be balanced against concerns over the war and humanitarian crisis in Gaza and the perils for journalists covering the conflict. Criticism of the Biden administration’s support for Israel’s 6-month-old military offensive in Gaza has spread through American college campuses, with students pitching encampments in an effort to force their universities to divest from Israel. Counterprotests back Israel’s offensive and complain of antisemitism.
Biden’s speech before an expected crowd of nearly 3,000 people at a Washington hotel will be followed by entertainer Colin Jost from “Saturday Night Live,” who is sure to take some pokes at the president as well as his opponents.
There will also likely be a spotlight on the many journalists detained and otherwise persecuted around the globe for doing their jobs, including Wall Street Journal reporter Evan Gershkovich, who has been imprisoned in Russia since March 2023.
But before the president gets to the Washington Hilton — where the event has been held for decades — he was expected to pass hundreds of people rallying along the path of Biden’s motorcade and nearby to bring attention to the high numbers of Palestinian and other Arab journalists killed by Israel’s military since the war began in October.
Law enforcement, including the Secret Service, have instituted extra street closures and other measures to ensure what Secret Service spokesman Anthony Guglielmi said would be the “highest levels of safety and security for attendees.”
The agency was working with Washington police to protect demonstrators’ right to assemble, Guglielmi said. However, “we will remain intolerant to any violent or destructive behavior.”
More than two dozen journalists in Gaza wrote a letter last week calling on their colleagues in Washington to boycott the dinner altogether.
“The toll exacted on us for merely fulfilling our journalistic duties is staggering,” the letter states. “We are subjected to detentions, interrogations, and torture by the Israeli military, all for the ‘crime’ of journalistic integrity.”
One organizer complained that the White House correspondents’ association — which represents the hundreds of journalists who cover the president — largely has been silent since the first weeks of the war about the killings of Palestinian journalists. WHCA did not respond to request for comment.
According to a preliminary investigation released Friday by the Committee to Protect Journalists, nearly 100 journalists have been killed covering the war in Gaza. Israel has defended its actions, saying it has been targeting militants.
“Since the Israel-Gaza war began, journalists have been paying the highest price— their lives—to defend our right to the truth. Each time a journalist dies or is injured, we lose a fragment of that truth,” CPJ Program Director Carlos Martínez de la Serna said in a statement.
Sandra Tamari, executive director of Adalah Justice Project, a U.S.-based Palestinian advocacy group that helped organize the letter from journalists in Gaza, said “it is shameful for the media to dine and laugh with President Biden while he enables the Israeli devastation and starvation of Palestinians in Gaza.”
In addition, Adalah Justice Project started an email campaign targeting 12 media executives at various news outlets — including The Associated Press — expected to attend the dinner who previously signed onto a letter calling for the protection of journalists in Gaza.
___ Associated Press writers Mike Balsamo and Fatima Hussein contributed to this report.
World
Ukraine lawmaker, 34, fights for Kharkiv in the public square
Mariia Mezentseva is a face of the war in Ukraine.
At just 34 years old and a member of Ukraine’s parliament, her formal tasks include looking into ways Ukraine can integrate into the rest of Europe’s institutions.
But, what really has gotten her attention are her posts about her hometown, Kharkiv. It has a population of 1.3 million people, just 20 miles from the northeast border with Russia.
From the beginning, Putin has wanted to take it over. In 2022, Ukrainians pushed them back.
However, in recent months, Russian attacks have grown furious, knocking out residential areas, power infrastructure, even the city’s huge TV tower.
KEY NATO ALLY SHOCKS WITH ITS ‘SINGLE LARGEST’ PLEDGE TO UKRAINE: ‘THEY NEED OUR SUPPORT’
Moscow, in fact, made clear it has wanted to turn Kharkiv into a demilitarized zone so it would not threaten Russia.
Critics said Moscow has tried to turn Kharkiv into Aleppo, the Syrian rebel stronghold Russia flattened in its support of Assad in Damascus.
Mezentseva regularly has posted shots of damage, rescue and relief efforts in Kharkiv, branding Russian efforts “genocidal actions.”
She generally has exuded hope, especially for the recent package of U.S. military aid for Ukraine which would benefit her home area.
The package, Mezentseva said, “will serve the purpose for sure.”
Basically, for the time being at least, it will keep the city alive.
World
Zelenskyy warns of Russian nuclear risks on Chernobyl anniversary
Ukrainian President Volodymyr Zelenskyy warned on Friday that the safety of Europe’s largest nuclear power plant Zaporizhzhia is threatened by Russia’s war against Ukraine, as the country marked the 38th anniversary of the Chernobyl disaster.
On the 38th anniversary of the Chernobyl nuclear power plant disaster on Friday, Ukrainian President Volodymyr Zelenskyy warned of the risks surrounding the Zaporizhzhia nuclear facility, which has been at the centre of nuclear safety crisis since Russia’s invastion of Ukraine.
Even under the shadow of the Chernobyl disaster in 1986, Zelenskyy said Russian forces were not taking the safety of the plant seriously.
Russian forces seized the Zaporizhzhia nuclear power plant in southern Ukraine in the first days of its 2022 invasion.
Both sides regularly accuse each other of endangering safety at the site, Europe’s largest nuclear facility.
“For 785 days now, Russian terrorists have held hostage the Zaporizhzhia NPP,” Zelenskyy wrote on X, formerly Twitter. “And it is the entire world’s responsibility to put pressure on Russia to ensure that ZNPP is liberated and returned to full Ukrainian control, as well as that all Ukrainian nuclear facilities are protected from Russian strikes.”
“This is the only way to prevent new radiation disasters, which the Russian occupiers’ presence at ZNPP constantly threatens.”
The Chernobyl explosion in 1986 is considered the worst nuclear accident in history in terms of the scale of contamination and the number of victims. The detonation in the reactor zones caused radioactive contamination that directly contaminated a radius of tens of kilometres, and wind and water movement carried nuclear contamination further afield.
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