Tuesday, October 6, 2015

Large US Firms Hold Trillions Overseas to Avoid Taxes: Study

The 500 largest American companies allegedly hold more than $2.1
trillion dollars in accumulated profits offshore to avoid U.S. taxes.
A study released Tuesday reveals that well known brands like Apple and
General Electric, with other companies, would collectively owe an
estimated $620 billion in US taxes if they repatriated the funds.

Patrice Howard reports.

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Theresa May warns Britain's net migration threatens "cohesive society"

Britain's Home Secretary Theresa May says the number of people coming to live in Britain must be significantly decreased in order to build what she called "a cohesive society".   

Speaking a the Conservative Party Conference in Manchester, Theresa May said current levels of net migration were not needed and brought little economic benefit.   In the past year 330 thousand more people came to live in the UK than moved abroad.    

She said Britain would do what it could for refugees but that economic migrants could not be given a free pass to live in the UK, as the country's infrastructure such as housing, schools and hospitals were already under great stress. 

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May calls for diplomacy and expanded airstrikes for Syria

Britain's Home Secretary Theresa May has said Britain must do more to find a diplomatic solution to the crisis in Syria whilst also warning Britons who have joined the Islamic State group that they have nowhere to hide. 

Speaking at the Conservative Party conference in Manchester, Teresa May said while Syria's civil war was extremely complex, Britain must push for the regional players to find a diplomatic may forward.   She also vowed that Britain's fight against Islamic State would continue and that the group should be targeted in Syria.  Currently British airstrikes only  have permission for anti-IS bombing raids in Iraq. 

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Speaking at the Conservative Party conference in Manchester, Theresa May said while Syria's civil war was extremely complex, Britain must push for the regional players to find a diplomatic may forward.   She also vowed that Britain's fight against Islamic State would continue and that the group should be targeted in Syria.  Currently British airstrikes only  have permission for anti-IS bombing raids in Iraq. 

Theresa May's comments come just a few weeks after three British jihadis were killed by drone strikes in Syria. 

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Eurozone countries ask of budget targets to be relaxed following refugee crisis

Some states within the single currency eurozone have requested that funds spent on dealing with the refugee crisis are not included in calculations— as they prepare to submit their budgets for EUreview by October 15. 

Countries like Belgium and the Netherlands, however, say any change in budget policy could cause problems.

Our correspondent Anna Brugmann reports:

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LIVERPOOL 'WANT KLOPP BY END OF THE WEEK'

English Premier League side Liverpool are reportedly set to announce Jurgen Klopp as their new manager by the end of the week.

The former Borussia Dortmund boss is believed to be the club's favoured candidate after the sacking of Brendan Rodgers.

UK correspondent Olly Barratt reports.

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EU court rules against data sharing

Europe's top court has ruled that companies like Facebook and others
can not share European users' data with their United States operations
because of privacy concerns.

The ruling could have major implications for US tech companies
operating in Europe.

Our Europe correspondent Ira Spitzer has more.

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NATO says Russia has built up military presence in Syria

The NATO secretary general Jens Stoltenberg says there has been a large build up of Russian military forces in Syria.

At a press conference in Brussels he also said two recent violations of Turkish airspace by Russian warplanes do not look like accidents.

Russia says its planes entered Turkish airspace due to bad weather as they carry out attacks in Syria.

Moscow says the airstrikes are on Islamic State targets but the head of NATO says he believes they are hitting rebel held areas in Syria also.

Turkey has summoned the Russian ambassador twice to explain the airspace violations.

Jens Stoltenberg - secretary general of NATO - says they are concerned about the amount of Russian troops on Syrian territory.

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ALT

The NATO secretary general Jens Stoltenberg says Russia's actions in Syria are not in line with the efforts of the international community.

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ALT

The NATO secretary general Jens Stoltenberg says Russia's violations in Turkish airspace seem unlikely to be accidental.

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Britain's ban on prisoner voting set to continue after ruling


An unexpected ruling by the European Court of Justice means it is lawful for EU countries to impose a ban on certain categories of prisoner from voting.  

This has been welcomed by the British government, where a blanket ban on prisoner voting is now set to continue as Catherine Drew reports from London. 


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NATO-Russia tensions flare over Turkish airspace violations

The NATO secretary general Jens Stoltenberg is holding a press conference in Brussels ahead of a defense ministers meeting with tensions against Russia rising once again.

NATO member Turkey accuses Russia of illegaling entering its airspace which the military alliance has called an 'unacceptable violation'.

Our NATO correspondent Jack Parrrock reports:

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Syrian groups call for an alliance against Russia

More than 40 Syrian insurgent groups including those fighting against Syria's president Bashar al-Assad, have called on regional states to forge an alliance against Russia and Iran. They accused Moscow of occupying Syria and of targeting civilians there. Anya Ardayeva reports from the Russian capital.

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IOD: HOLD UK EU REFERENDUM BEFORE 2017

Britain's planned EU referendum could end up being a confidence vote on the government, and risks being affected by domestic European politics, according to a leading business group.

The Institute of Directors is warning if the vote is not held until 2017, French and German elections in that year may end up affecting it.

Prime Minister David Cameron says he can secure reform of Britain's relationship with the EU, and will then campaign to stay in the bloc in a vote by 2017.

Director General of the IOD Simon Walker says the government should hold it sooner rather than later.

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Youth arrested in Western Sydney after threats

Supporters of Islamic State have praised the deadly attack on New South Wales police headquarters in Western Sydney, extolling 15-year-old Farhad Khalil Mohammad Jabar as a "knight" who had carried out a mission on behalf of the terrorist group.
The comments come as a schoolmate of Jabar was arrested outside his school in Parramatta on Tuesday morning.
Arthur Stevens has more

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Monday, October 5, 2015

California Joins Handful of US States with Right to Die Law

California’s Governor has signed legislation to allow terminally ill patients to legally end their lives using doctor-prescribed drugs. 

The law takes effect next year and as Rachel Silverman reports, it follows an emotional and deeply personal debate. 



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TPP signed, sealed and delivered, it's yours: Australia

12 Pacific rim countries have sealed a deal creating the world's largest free trade area, delivering US President Barack Obama a major policy triumph.
US Trade Representative Michael Froman officially announced the hard-won deal on Monday the sixth day of talks in Atlanta, Georgia.
Arthur Stevens reports from Melbourne, Australia

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US general says Afghan forces called for air strike in Kunduz

According to a top US commander in Afghanistan, it was Afghan forces
that called for the airstrike that killed 22 people at a Doctors
without Borders (MSF) hospital in Kunduz.

General John Campbell said the airstrike was called to eliminate a
Taliban threat — a claim MSF has rejected.

Our US correspondent Mimi Chiahemen reports:

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Cargo ship believed sunk in The Bahamas

A cargo ship that went missing off The Bahamas last week has sunk, according to US authorities.

The El Faro had 33 people on board when it sent out a distress call on Thursday after sailing into Hurricane Joaquin.

Steve Mort reports.

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Hillary Clinton proposes tougher US guns laws

US Presidential candidate Hillary Clinton is laying out her plans for
tougher gun controls.

It comes after 8 students and a teacher were killed at a college in
Oregon last week.

US Correspondent Nick Harper reports.

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South Carolina Floods Following Record Rainfall

12-nation trade compact completed

The Trans Pacific Partnership - the trade deal among 12 Asia-Pacific Nations - has been completed.

Negotiators worked five extra days, discussing complicated issues of patents, pharmaceuticals, dairy and intellectual property to finalize the agreement.

Our U.S. correspondent Priscilla Huff reports:

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***

American Apparel Files For Bankruptcy

The US clothing company American Apparel has filed for chapter 11 bankruptcy.


The retailer said it's already reached agreements with its creditors over 95 per cent of it secured debts - if that deal's approved in court, it says it will be able to stay in business.


Lorna Shaddick reports from New York.


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