A new French initiative is looking to ban commercial air travel on domestic routes as part of a climate legislation. This new legislation will ban flight to destinations if the alternative by train takes less than 2.5 hours. According to an associate professor at Carnegie Mellon University, Venkat Viswanathan, “This …
Robert Greenstein, an advocate for investments in poverty reduction initiatives, provides arguments against universal basic income. He argues that the extra costs would actually increase poverty because the funds would not be as targeted. Additionally, he argues that means tested programs are better than they are perceived to be and …
A study found that from the past three years, twenty-six Fortune 500 companies paid no federal income tax despite earning billions in profit. The sweeping tax bill, which was signed into law by Donald Trump in 2017, reduced the corporate tax rate from 35 percent to 21 percent. However due …
As the Taliban entered Kabul, the last remaining Afghan city not under the group’s control, President Ashraf Ghani left the nation indicating that the US- backed Afghani government collapsed. In April, President Joe Biden announced that all US and NATO troops would be withdrawn from the nation. However, the speed …
Using case studies book by authors Ellen Dunham-Jones and June Williamson show how suburban places across North America can be retrofitted by focusing on 6 key areas: Automobile Dependence: Design adaptable parking lots that can be used as future building sites. Public Health: Increasing walkability through street or public realm …
The G7 meeting of finance ministers in London has reached a "historical agreement...to reform the global tax system to make fit for the global digital age...". Led by Janet Yellen, the US Treasury Secretary, the new rule announced by the Group of Seven means a 15% minimum global tax on …
It is important to distinguish a few concepts before diving into the issue of tax avoidance. First, wealth does not equal income. Second, tax avoidance and tax evasion are different in their legal implication as the former is legal while the latter is not. As to why people of such …
The rise of the tech giants in the modern age has further compounded the issue of companies not paying enough in taxes. But let’s break that down a bit, first of all, the big companies you are thinking of, Amazon, Apple, Google, etc. do pay their taxes, however, as they …
The American Society for Civil Engineers (ASCE) notes how 45,000 bridges in the US are structurally deficient. Further, there is a water main break every two minutes in the US. These aspects illustrate the need to invest in more infrastructure. Traditionally, infrastructure projects are financed with bonds, taxes, loans and …
Although many dislike the uber rich for exacerbating urban issues, such as high housing costs, cities around the world need them more than they may know. #Economy #RealEstate @CityLab A vast majority of the 1% are currently trading home addresses around the world and although many dislike them for exacerbating …