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The Latest Breaking News from OECD

Chile is updating its constitution for the 21st century. The US should follow its lead

The US constitution used to be considered a model for democracies around the world – but its antiquated institutions and absence of rights have guaranteed its declining influence

The Guardian - US

US risks losing billions in taxes as Congress spurns global deal

WASHINGTON— The groundbreaking global corporate-tax agreement secured last year by Treasury Secretary Janet Yellen included a “failsafe” measure to encourage compliance by its 137 signatories.

Tribune News Service

Foreign investor crackdown to deliver $455 million windfall – but not without costs

Fees paid by foreign property investors will double under a new federal government plan to help ease Australia’s housing affordability crisis.

The New Daily

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UK’s outdated property taxes favour the wealthy, says OECD

An increase could mean lower income tax and and also help young people on to the property ladder

The Guardian - UK

‘Fleecing the public’: Labor puts corporate giants on notice as Rio Tinto coughs up $1 billion in tax

Corporate giants failing to pay their fair share of tax have been put on notice as Labor prepares to introduce a crackdown on multinational tax dodgers.

The New Daily

Being in a couple can leave women with less savings – here's how to make nest eggs more equal

Growing job insecurity, financial market volatility and rising prices have created an extremely uncertain environment for UK savers. The country’s welfare provisions are among the lowest of all OECD countries and a growing number of pensioners are finding it difficult to gain financial security in later life. Even well-known money-saving…

The Conversation

'Unprecedented growth in house prices': OECD calls for cap on housing tax breaks benefiting the rich

Capping tax breaks for housing could help reduce house prices and ensure that property is not concentrated in the hands of older and wealthier Australians, the OECD says.

ABC News

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Despite what political leaders say, New Zealand's health workforce is in crisis – but it's the same everywhere else

Earlier this week, New Zealand health minister Andrew Little stated what most who work in health already know.

The Conversation

How does Australia’s Covid death rate and hospitalisations compare with other countries?

There are currently more than 207 people in hospital for every million Australians – similar numbers to Belgium, France, Spain and the UK

The Guardian - AU

Benzinga Before The Bell: Donald Trump's Presidential Bid, Facebook Testing Multiple Profiles, UnitedHealth Q2 Earnings Growth And Other Top Financial Stories Friday, July 15

CNBC Augmented Supply Best Way To Balance Rising Oil Prices, Says OECD Chief

Benzinga

Do Australians pay too much income tax? 6 charts on how we rank against the rest of the world

Australians pay too much income tax – or so some argue.

The Conversation

Why be a poor version of Germany instead of doing what we do best?

Manufacturing is not our forte. But we are world beaters in services. Success will prove elusive until we recognise that

The Guardian - UK

UK political resignations: the current uncertainty could affect the economy for nearly two years

The recent dramatic events that led to the resignation of UK prime minister, Boris Johnson, on July 7 2022 raise the issue of how politics – and economic policy uncertainty more specifically – affects the UK economy. The answer, of course, is that it does, and sometimes for as much…

The Conversation

Is UK inflation worse than in the EU? Cost of living pressures squeeze household finances

Energy, fuel and food costs are among the biggest contributors to inflation at present. We take a look at how the UK's economic situation compares with our neighbours in the European Union.

Wales Online

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Newsroom.co.nz

Govt could yet force tech giants to pay NZ media

An Australian-style legislative response against global digital platforms to make them pay for media content remains possible as a new minister says too many news firms are hurting

The Canberra Times

Australia lagging further behind OECD on research, Universities Australia chair warns

Universities Australia chair John Dewar will address the National Press Club on Wednesday.

The Conversation

Corporation tax: why plans to set a global rate are too complicated and need a new approach

Back in 2021, the world’s richest countries announced plans to agree and enforce a minimum rate of corporation tax. The idea was to solve the problem of large companies generating huge revenues but paying very little tax into the public purse.

AAP

France can 'trust me' after subs rift: PM

French President Emmanuel Macron has declared Anthony Albanese "is not responsible" for the submarine debacle.

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ABC News

The Loop: The PM arrives in Paris, house prices fall nationally, and the new financial year brings new policies

Here's your TL;DR for this morning's news.

Newsroom.co.nz

Dining out on the hypothetical bisons of Madagascar

Some brutally real answers to some hypothetical climate scenarios.

The Hindu

A direct approach to conservation

The mobilisation of private and public finance for Payments for Ecosystem Services lacks lustre

Reuters

Millions risk undernourishment as wheat prices surge, FAO and OECD warn

The war in Ukraine that has stalled its wheat exports will keep global prices high into the 2022/23 season, putting millions more people at risk of undernourishment, the United Nations' food agency and the OECD said on Wednesday.

The Guardian - AU

Nations must work together through ‘conflict and crisis’ to reduce climate change risks, Albanese tells OECD

Prime minister will say food insecurity has become a significant challenge and Australia has a major role to play in meeting the challenge

AAP

World must act with 'urgency': PM

Australia's commitment to defending global security will be reaffirmed by Prime Minister Anthony Albanese in an address to the OECD in Paris.

Al Jazeera

Ukraine latest updates: Battle for Lysychansk city grinds on

Ukraine news from June 29: Lysychansk is last eastern stronghold following retreat of Ukraine forces from Severodonetsk.

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