The Daily Populous

Saturday November 11st, 2023 evening edition

image for Germany approves global minimum corporate tax

Shoppers walk down Hohe Strasse shopping district one day before Germany goes back to a complete lockdown due to the coronavirus disease (COVID-19) outbreak, in Cologne, Germany, December 15, 2020.

BERLIN, Nov 10 (Reuters) - The German parliament on Friday approved the implementation of a global minimum corporate tax, as part of an international deal to ensure large companies pay a minimum tax rate of 15%.

Multinational firms will have to pay that level of tax on all of the profits they make worldwide, regardless of where the profits are generated.

This will apply to all such companies and large-scale domestic groups with turnover above 750 million euros ($800 million) per year.

The law was approved in Germany with the support of all the coalition parties and the main opposition party.

The Ministry of Finance estimated earlier this year that additional tax revenue of 910 million euros could be expected in Germany from 2026.

In 2027 and 2028, the tax is forecast to bring in 535 and 285 million euros, respectively. »

Liberal and moderate candidates take control of school boards in contentious races across US

Authored by apnews.com
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Liberal and moderate candidates took control in high-profile races Tuesday in conservative Iowa, as well as swing states Pennsylvania and Virginia.

Moms for Liberty, which works in largely suburban swing districts, said 40% of its endorsed candidates won.

In Spotsylvania County, in the far outer suburbs of the Washington, D.C. area, all four GOP-endorsed candidates lost to more liberal candidates. »

Germany to make military 'the backbone' of Europe's defense – DW – 11

Authored by dw.com
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Defense Minister Boris Pistorius said it was time for Germany to be "a grown up country" in terms of security policy.

Germany plans to accelerate reforms of its military bureaucracy as part of an ongoing overhaul of the country's military, Defense Minister Boris Pistorius outlined in a document presented on Thursday in Berlin.

The revamp of the military seeks to make the force more capable of defending Germany and its allies. »

Nobody Wanted To Buy Hitman Dev; Studios Offered $1 For Purchase

Authored by tech4gamers.com

Due to various difficulties associated with managing the Hitman developer, nobody was interested in buying the studio.

Considered a failure by Square Enix, this entry eventually became the reason for Square Enix’s decision to sell off developer IO Interactive.

Why it matters: Generally, game studios can cost as much as a few million dollars or multiple billion dollars, depending on their size. »

Waffle House workers are tired of fighting customers and the company to take action

Authored by independent.co.uk
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“I know the joke is that everybody’s an MMA fighter, but no one actually is an MMA fighter,” he tells The Independent.

The Waffle House revolt was launched by workers at locations in Durham, North Carolina, Orangeburg, South Carolina, and Atlanta, Georgia, where Green works.

The petition launched by the USSW begins with the preface: “Waffle House workers from across the South are fed up. »