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" the unnamed person told the magazine. Medvedev’s comments comes weeks after President Vladimir Putin warned NATO against cultivating closer ties with Ukraine and Georgia.

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MA TD Garden September 15 Boston,[email protected] 26, providing commentary on events in news, You know that the mainstay of our economy in Abia state is trade and commerce and I do not think it will augur well for our economy, unfurling 2-meter wingspans as they headed for a roost in a nearby tree. which has also gone after Starbucks in the Netherlands and Fiat in Luxembourg But the Apple case takes the fight over the tax "optimization" to a new level For starters it has opened a deeper rift in US-EU economic relations They werent so great to begin with (The US Treasury Department has asked the EU to back down on the Apple case and there are threats of congressional tax retaliation against European firms in the US if it goes ahead) While its clear that the US wants some of the money Apple is keeping abroad and is worried that the EU might get to it first that’s a tricky argument for American authorities to make I suspect there are plenty of Americans (like me) whod support the ideas behind the EUs efforts to try to squash country-specific tax loopholes and bring multinationals to heel In fact Id argue this is a good opportunity for the US and the EU to work more closely together on tax harmonization and mutual rules for combatting the race to the bottom on taxes after all one of the reasons that corporations are able to tax-optimize is that they can arbitrage one nations system against anothers This is not the road the current fight appears to currently be on as rhetoric on both sides of the Atlantic heats up Irish authorities caught in the middle and fearful of losing the jobs Apple provides there are pushing back against the ruling The real problem is a global tax system run amok International tax shenanigans have real-world consequences for Main Street For starters they distort the market Even as big firms hoard cash abroad they borrow money in the US debt markets Unfortunately most use that debt to fund share buybacks that enrich mainly the wealthiest Americans and add nothing to real productivity and economic growth This only increases the wealth divide in America widening the toxic rift between the markets and Main Street Their efforts have perversely been enabled by the low-interest-rate monetary policy of recent years which itself was a reaction to the financial crisis But theres a big debate going on right now about when and how to raise those rates Central bankers like Fed Chair Janet Yellen have made it clear that theyd like to see governments doing more to buoy the economy via fiscal policy rather than relying on monetary policy to carry the load any longer As she pointed out in her recent Jackson Hole speech "Beyond monetary policy fiscal policy has traditionally played an important role in dealing with severe economic downturns A wide range of possible fiscal-policy tools and approaches could enhance the cyclical stability of the economy" Thats Fed speak for "Come on Congress get your act together push through a real stimulus plan and stop passing the buck to the central bankers" But fiscal policy requires money That means that rich country governments which have ended up with record debts and shrinking public budgets in the wake of the 2008 crisis will be looking much more closely at corporate tax avoidance In an economic scenario where companies are flush but workers are not and the historical relationship between corporate profits and local economic growth looks broken big companies are going to be under a lot more pressure to do more for the countries in which they operate There is a growing sense that many companies have been flying 35000 ft over the economic troubles of the countries where they operate and they should be forced back down to earth Apple’s tax bill is just the beginning of a very big fight between the world’s richest companies and its governments But how the battle lines will be drawn is likely to be as confusing a problem as the international tax system itself Contact us at [email protected] Delhi:A red-faced BJP will seek written explanations from its Members of Parliament (MPs) including union ministers whose absence from the Rajya Sabha despite a whip resulted in Opposition amendments getting passed after party chief Amit Shah pulled them up on Tuesday taking a "serious view" of the matter Shah made his displeasure amply clear at the BJP parliamentary party meeting where he said he does not want to "name and shame" them but warned against a repeat of such an embarrassing lapse A senior BJP leader said nearly 17 party MP including ministers were missing from the House when a united opposition determinedly pushed for certain changes in the constitution amendment bill to set up a National Commission for Backward Classes with constitutional status File image of BJP chief Amit Shah CNN-News18 The government suffered embarassment when the amendments were passed by 74 to 52 votes The BJP’s strength in the house is 56 while the ruling bloc enjoys the support of 88 members including 10 JD(U) MPs "When the party issues a whip members must be present in the House The party president has taken a serious view of the absence of members He said it should not have happened and must not be repeated" Parliamentary Affairs Minister Ananth Kumar told reporters Shah said the OBC bill was an important legislation for the Modi government and lamented that it was stalled due to lack of numbers He asked MPs that they had been sent to Parliament to "deliver and perform" and their absence despite a whip was simply unacceptable Among the ministers not present in the House were Ravi Shankar Prasad Piyush Goyal and Dharmendra Pradhan However a party source insisted that some of the absentee members might have valid reasons for their absence "Everybody will be asked to explain It is only after we receive their response that we will make an assesment" the source said The party leadership is especially perturbed as Prime Minister Narendra Modi has been repeatedly stressing including at a similar meeting last week on the need for the presence of MPs in Parliament during sessions Shah also told the MPs that several votes cast during the presidential poll turned out to be invalid and asked them to ensure that they cast their votes properly during the vice-presidential election on 5 August Modi did not attend the meeting as he was in Assam to review the flood crisis she will change something in her game. a study reported by the Association for Psychological Science sheds a little light on the reasons.

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