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The Latest Breaking News from OECD

Why taxing the world's biggest companies at 15% won't fix the gaping hole in global tax rules

Australia’s federal government has a plan to discourage companies from shifting profits to tax havens. The idea is to impose a “global minimum tax” on large Australian and foreign-owned companies with subsidiaries in low or no-tax countries.

The Conversation

Are US prescription drug prices 10 times those of other nations? Only sometimes

“We pay by far the highest prices in the world for prescription drugs, in some cases 10 times more than the people of any other country.”

Tribune News Service

Australia has a worse work-life balance than the US. What are we doing wrong?

Many Australians work very long hours, compared to other similar nations. This can lead to a poor work-life balance and a constant feeling of being time poor.

ABC News

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NZ's budget used a 'gender lens' for the first time – the result was a win for women

All the pre-budget talk of “bread and butter”, “no frills”, targeting and reprioritisation came with a sense of foreboding. History and research tell us that budgets in general – but particularly those hyper-focused on fiscal prudence – have different, often unequal impacts on women compared to men.

The Conversation

Budget 2023 won't move dial on R&D 'hole'

The Govt is committed to a target of getting investment to 2% of GDP as a way to “help build a high-skill, knowledge-based and more productive economy”. This is not a Budget to get us there.

Newsroom.co.nz

The best childcare in the world? Maybe so, but new parents in Iceland are holding out for better

Even in forward-thinking Reykjavik, finding a preschool place for the youngest infants is tough. Parents explain why

The Guardian - UK

Government pushed to boost foreign aid

A new review warns of "eroding" institutional knowledge in our aid programme and a gap between political ambition and resourcing.

Newsroom.co.nz

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Beyond the Soap Box: Where NZ doesn't pull its weight on the world stage

NZ has never come close to meeting its UN foreign aid targets, but with so many pressing issues at home this year, Stephen Knowles and John Crump examine whether we should care if we pull our weight on the world stage.

Newsroom.co.nz

Australia’s road death toll jumps with fatalities still higher than pre-pandemic

National automotive body says poor data collection is limiting authorities’ ability to formulate an evidence-based response

The Guardian - AU

‘Disgraceful breach of trust’: how PwC, one of the world’s biggest accountancy firms, became mired in a tax scandal

PricewaterhouseCoopers used government secrets to help clients in Australia and the US avoid tax – a scandal that has forced resignations and threatens contracts worth hundreds of millions

The Guardian - AU

The triple challenge facing impact investments in the developing world

The term impact investing first appeared in 2007 at a Rockefeller Foundation meeting. It is defined as an investment with the intention of generating a positive social and environmental impact as well as a financial return.

The Conversation

Inflation rate to halve, bringing wage growth by 2024, federal budget predicts – with hope of mortgage relief

Australia’s economy remains resilient as global growth slows to its worst performance in more than two decades

The Guardian - AU

‘Slippery slope’: how Australia’s inadequate welfare traps single parents in a cycle of debt

‘Cruel’ welfare system leaves single parents struggling after their child turns eight and parenting payment is cut off, advocates say

The Guardian - AU

A taxing exercise for NZ's wealthiest 0.01 percent

Kitted out with new research into the shares, property and trusts of nearly 400 of the country's richest families, the Government will today discuss how to level the taxation playing field. Jonathan Milne reports.

Newsroom.co.nz

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Reason

Debate: Make Housing Affordable by Abolishing Growth Boundaries, Not Ending Density Restrictions

Why not abolish both?

The Week

Britain’s missing workers

Since the pandemic, Britain has faced a novel difficulty. Official unemployment is at its lowest point since the 1970s: at 1.3 million people, or 3.8% of working-age adults.

The Guardian - UK

Fight the fakes: four ways to protect your business from intellectual property infringement

Intellectual property wrongdoing can be costly to businesses. So what can companies do to avoid IP infringement in their supply chains?

The Conversation

Lobbying regulations are vital to any well functioning democracy – it's time NZ got some

The recently announced review of New Zealand’s lobbying sector needs to tackle questions of transparency and access if it is to make any real difference to how industries influence decision making. This includes establishing an enforceable register of lobbyists and introducing a cooling off period for former politicians before they…

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Newsroom.co.nz

Get ready for the Luxon Hustle

National previews a hard sell approach worldwide to moving New Zealand products if it wins in October.

Reuters

Explainer-Macron pension reform ends cherished French exception

French President Emmanuel Macron may have pushed through his unpopular pension reform but only at great cost to his political capital, which he is now seeking to repair by offering talks with trade unions on other issues.

Newsroom.co.nz

Scientist pokes holes in water data

Mike Joy says two statistical methods used in a freshwater report are flawed

The Guardian - UK

UK is worst performer in G7 for workforce participation since Covid

Number of working-age adults in work or job hunting is still lower than before pandemic, OECD figures show

The Conversation

Super tax concessions don't cost $45 billion a year and won't cost more than the pension

You may have read this week that Australia’s super tax breaks are excessively generous (“well beyond any plausible purpose”) and that their costs unsustainable.

Fortune

Russia could become China’s ‘economic colony,’ CIA director says

Russia’s alliance with China is becoming an increasingly one-sided affair.

The Guardian - UK

UK using more of its aid budget to house refugees than most donors in OECD

Britain has been criticised for loading cost of accommodating refugees on to overseas aid budget

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