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Finance ministers of the G20 have signed off on a global tax reform plan.
The deal that 130 countries agreed to last week “seeks to introduce an international tax on multinational companies and sets a global minimum tax rate of 15 percent,” POLITICO reported .
The purpose of the plan is to prevent multinational companies from using tax havens for their profits.
This global tax reform plan will not be finalized until the Rome G20 Summit in October, as remaining details still need to be worked out.
The G20 is an international forum that aims to address major issues that are tied to the global economy.
“This is a victory for tax fairness, for social justice and for the multilateral system,” said the European commissioner for the economy, Paolo Gentiloni. “But our work is not done. We have until October to finalise this agreement. I am optimistic that we will be able in that time also to reach a consensus among all European Union Member States on this crucial issue.”
There are still some European Union countries, like Hungary, that are opposed to the global tax reform plan.
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One of the issues that remains unresolved is whether the global tax would “replace levies like the European Commission’s planned digital tax , which the EU executive hopes will help finance the bloc’s post-coronavirus recovery fund,” POLITICO reported.
The U.S. wants the levy dropped, as it argues that it harms American tech companies and undermines the G20 deal, which the European Commission denies.
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Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker