Global corporate tax rate will hamstring economy

A global minimum corporate tax is a 20th-century solution imposed on the 21st-century, where the digital realm is disrupting taxation

Global corporate tax rate will hamstring economyWorld leaders should resist U.S. pressure to enact a global minimum corporate tax, despite a recent move by the G7 countries to adopt the plan. It would harm corporations, small companies, workers and consumers while discouraging investment and wealth creation. If anything, the world needs more competition for post-pandemic recovery. U.S. Treasury Secretary Janet Yellen’s…

Biden can’t go back to a pre-Trump China policy

Xi has changed the game, and the U.S. needs to maintain "ambiguity" while constantly adapting to avoid war in the Taiwan Strait

Biden can’t go back to a pre-Trump China policyIn recent months, a number of American security analysts have argued that the United States’ longstanding use of “strategic ambiguity” in the Taiwan Strait has outlived its utility. For example, in widely reported remarks, retired U.S. Adm. James Stavridis posited that “the longstanding U.S. policy of ‘strategic ambiguity,’ supporting Taiwan militarily without a formal commitment…

What you see with Joe Biden is what you get

Author Jon Meacham’s most important insights about U.S. politics and the presidency are intertwined with the current officeholder

What you see with Joe Biden is what you getJon Meacham is a Pulitzer Prize-winning writer and historian. He’s been an executive editor/vice-president at Random House, has worked for the Chattanooga Times, Time and Newsweek, and written for the New York Times Book Review, Washington Post and other publications. Several of Meacham’s books, including American Lion: Andrew Jackson in the White House (2009), Thomas…

Iran’s likely return to crude oil marketplace causes ripples

Biden seems to have slackened America's tight grip on Iranian crude exports reigniting a market share battle within OPEC

Iran’s likely return to crude oil marketplace causes ripplesIran and the United States are closing in on reviving the 2015 Joint Comprehensive Plan of Action (JCPOA), commonly termed as the Iran nuclear deal. U.S. President Joe Biden is keen to strike a deal before the June presidential elections in Iran, which hardliners are projected by many to win. All this has significant bearing…

OPEC+ expected to continue to dampen oil output

Crude oil markets continue to show signs of weakness – even without the Houthi attacks on Saudi Arabia and the Suez Canal closure

OPEC+ expected to continue to dampen oil outputPressure is mounting on the Organization of Petroleum Exporting Countries and their allies in the extended OPEC+ to roll over their crude oil output cuts when they meet on April 1. Markets continue to show signs of weakness – even without the Houthi attacks on Saudi Arabia and the Suez Canal closure. But the Suez…

Modern monetary theory threatens to weaken economic progress

MMT leads to more government control over the economy and turns central banks into a political tool

Modern monetary theory threatens to weaken economic progressPublic debt is not a problem, suggests the big idea behind modern monetary theory (MMT). That’s a faulty and dangerous assumption. The current economic crisis has allowed MMT to gain influence among the political class. Among the people who developed United States President Joe Biden’s economic program is Stephanie Kelton, a former economic adviser to…

How do we fairly welcome trans athletes to playing fields?

The general approach should be to have experts in each sport come together and decide on the specific rules for allowing fair competition

How do we fairly welcome trans athletes to playing fields?Most of the sports issues I write about are pretty straightforward – at least in my mind. The solutions seem pretty clear. Do big-time college athletes deserve a bigger slice of the billions being made from their efforts? Undoubtedly. In an era in which childhood obesity is at epidemic levels, and teenage anxiety, depression and…

The wasted pursuit of social licence for oil exploration

Canada wasn’t targeted for international outrage because it was a threat to the global climate, but simply because it was an easy target

The wasted pursuit of social licence for oil explorationFor several decades, Canada was the focus of a global attack on its natural resource economy, with its oil sands deposits (the world’s third-largest oil reserve) ranked as public enemy number one. Though only a tiny contributor to global greenhouse gas emissions (about 1.6 per cent of the total), the oil sands were seen as…

Why America shouldn’t cut off Canada’s energy supplies

Canadian oil helps keep the United States economy humming and natural gas helps keep American homes warm

Why America shouldn’t cut off Canada’s energy suppliesBy Mark Milke and Lennie Kaplan Canadian Energy Centre In a world where Russian President Vladimir Putin is widely assumed to be behind the poisoning of opposition leader Alexei Navalny, liberal democracies should stick together. This should be especially relevant on matters related to energy. Russia has been using energy exports as a weapon for…