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Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says

Published Tue, 05 Nov 2024 13:40:01 GMT

WASHINGTON (AP) — An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned.The landmark agreement, brokered by the Organization for Economic Cooperation and Development, set a minimum global corporate tax of 15%. The idea was to stop multinational corporations, among them Apple and Nike, from using accounting and legal maneuvers to shift earnings to low- or no-tax havens.Those havens are typically places like Bermuda and the Cayman Islands where the companies actually do little or no business. The companies’ maneuvers result in lost tax revenue of $100 billion to $240 billion a year, the OECD has said.According to the report, being released Monday by the EU Tax Observatory, the agreement was expected to raise an amount equal to nearl...

Frazar wins 1st PGA Tour Champions title in a playoff. Stricker clinches the Schwab Cup

Published Tue, 05 Nov 2024 13:40:01 GMT

RICHMOND, Va. (AP) — Harrison Frazar won his first PGA Tour Champions title Sunday when he birdied the 18th hole for a 3-under 69 to force a playoff with Richard Green, and then made an 8-foot birdie on the first extra hole at the Dominion Energy Charity Classic.Frazar wasn’t the only winner. Steve Stricker clinched his first Charles Schwab Cup title with two postseason events still to be played, even though he skipped the tournament.Green also closed with a 69, helped by a 10-foot par putt on the 15th and an 8-foot birdie putt on the 16th hole. But he failed to birdie the 516-yard closing hole at the Country Club of Richmond, opening the door for Frazar and Brett Quigley in the final group.Quigley birdied the 16th and 17th, and he had a 10-foot birdie putt on the final hole that he left inches short for a 71 to finish alone in third, one shot behind.Frazar didn’t make his first birdie until the 11th hole, but he hit a superb wedge from 75 yards to short range for birdie...

Corte Suprema suspende restricción que impedía el contacto del gobierno con redes sociales

Published Tue, 05 Nov 2024 13:40:01 GMT

WASHINGTON DC – El Supremo de Estados Unidos bloqueó temporalmente la restricción que un tribunal inferior había puesto sobre la capacidad del gobierno de contactar con las redes sociales para pedirles que eliminen ciertos contenidos de temas sensibles como la salud.Hizo así caso al recurso presentado por el Ejecutivo y tras ello escuchará los argumentos y emitirá un fallo sobre esta cuestión durante su mandato actual, que concluirá a finales de junio.La decisión suspende el fallo de un tribunal de Luisiana del pasado julio que determinó prohibir a agencias y funcionarios específicos reunirse con empresas para discutir si cierto contenido debería ser eliminado.Tres de los 9 jueces del Supremo, los conservadores Samuel Alito, Clarence Thomas y Neil Gorsuch, denegaron el recurso de Biden.“En este momento de la historia de nuestro país, me temo que algunos considerarán lo que ha hecho el tribunal como una luz verde para que el gobierno utilice tácticas de mano dura para ses...

Security guard shot while helping victims in random shooting shares his story for first time

Published Tue, 05 Nov 2024 13:40:01 GMT

DENVER (KDVR) -- Back on Sept. 18, Nolan Smith was out working his job as a Patrol Sergeant for a local security company when he came up to a situation where he said he knew he needed to help. “I pull up about to go onto site and I hear some pops and a loud car crash," Nolan Smith, a former EMS and military medicine member said. 1 killed, 2 hurt in Denver shooting, car crash Smith shared his story exclusively with FOX31 and Channel 2 on what unfolded that night. He said he was in the process of training a new employee when they found a crashed car and got out of his patrol car to see if anyone needed help. “I saw him walk up, I asked if everyone was ok and then he goes pop and shoots me," Smith said. Denver Police confirmed that night two people were shot in what police believe to be a random shooting in the City Park West neighborhood. One was a rideshare driver who was killed. The shooting led to a crash that injured the passenger in the rideshare driver’s back seat.Smith said ...

Denver weather: A cooling trend ahead with a return of showers

Published Tue, 05 Nov 2024 13:40:01 GMT

DENVER (KDVR) — Sunday was another very warm day in Denver weather with high temperatures running 10 to 15 degrees above normal for this time of year. The average high is in the low 60s. Weather will be warm again on Monday according to Pinpoint Weather, Colorado’s Most Accurate Forecast. However, it will not reach the record high of 87 from 1973.Forecast highs across metro Denver on MondayWeather tonight: Clear, calm and comfortableSkies will be clear across much of Colorado overnight. The wind will be light and generally drifting in from the southwest. There will be cold lows through parts of the Colorado high country. Overnight readings along the Front Range and in metro Denver are expected to be in the comfortable 40s.Overnight lows by Monday morning across ColoradoWeather tomorrow: Warm and dry againThe work week starts with another round of sunny, dry and warm conditions. There western half of the state will post readings in the 60s and 70s. It will be much warmer over the eas...

Police searching for man in connection with death investigation in Gardner

Published Tue, 05 Nov 2024 13:40:01 GMT

Authorities are warning the public to be on alert as they search for a man in connection with a death that occurred inside a home in Gardner on Sunday morning, officials said.Aaron Pennington, 33, of Gardner, is being sought in connection with the death of a woman on Cherry Street. Her name has not been released.Investigators say four children, ages 2, 5, 7, and 9 were inside the home at the time and left to get help.Pennington is described as being a white man with blonde hair, blue eyes, who is about 6 feet 2 inches tall and weighing about 175 pounds. He is believed to be driving a white 2013 BMW model 320 with a MA Veteran plate 8A30.Anyone with information is asked to call Gardner police at 978-632-5600. If you see Pennington do not approach him, as he is potentially armed.This is a developing news story; stay with 7NEWS on-air an online for the latest details.

Second aid convoy reaches Gaza as Israel attacks targets in Syria and occupied West Bank

Published Tue, 05 Nov 2024 13:40:01 GMT

RAFAH, Gaza Strip (AP) — The second aid convoy destined for desperate Palestinian civilians reached Gaza on Sunday, as Israel widened its attacks to include targets in Syria and the occupied West Bank and the Israeli prime minister warned Lebanon’s Hezbollah militant group that if it launches its own war, “we will cripple it with a force it cannot even imagine.”For days, Israel has been on the verge of launching a ground offensive in Gaza following Hamas’ brutal Oct. 7 rampage through a series of Israeli communities. Tanks and troops have been massed at the Gaza border, waiting for the command to cross.Israel’s military spokesman, Rear Adm. Daniel Hagari, said the country had increased airstrikes across Gaza to hit targets that would reduce the risk to troops in the next stage of the war.Fears of a widening war grew as Israeli warplanes struck targets across Gaza, two airports in Syria and a mosque in the occupied West Bank allegedly used by militants.Israel has ...

Cool start to the week

Published Tue, 05 Nov 2024 13:40:01 GMT

Behind the weekend storm system, temperatures will start out on the cooler side to start the work week. Monday will feature a cool start with morning lows in the 40s. By the afternoon temperatures reach the 50s and 60s under partly sunny skies. Skies clear out Monday night, allowing temperatures to plummet to the 30s for most of the area. Some locations can expect to see their first frost of the season Tuesday morning, with the best chance for frost in Worcester County and Southern New Hampshire.

Revolution open MLS Cup playoffs at Philly on Oct. 28

Published Tue, 05 Nov 2024 13:40:01 GMT

The New England Revolution (15-9-10) drew the No. 5 seed in the Eastern Conference of the Audi MLS playoffs and will open their best of three Round One series against the No. 4 Philadelphia Union (15-9-10) on Saturday, Oct. 28, at Subaru Park in Chester, Pa. The kickoff is slated for 5 p.m.The Revolution will host the second match on Wednesday, Nov. 8, starting at 7 p.m. at Gillette Stadium. A deciding third match, if necessary, would be played at Subaru Park on Sunday, Nov. 12, at 3 p.m.The Revolution and the Union split during the regular season. The Union won the first meeting, 3-0, in Philly on May 20. The Revolution closed out the regular season with a 2-1 victory over the Union on Saturday night at Gillette. Revolution striker Gustavo Bou scored both goals, the first on a penalty kick.The Revolution are making their fourth post-season run in the last five seasons. In the only playoff encounter between the two teams, the Revolution prevailed 2-0 at Subaru Park in 2020. The play...

Warmer weather follows near freezing Monday night, NWS forecasts

Published Tue, 05 Nov 2024 13:40:01 GMT

Temperatures around Boston should warm into the 70s midweek as the wind and cold depart and leave behind potentially perfect weather for fall foliage viewing, but not before some parts of the state see freezing temps.The weekend’s cold will linger into Monday morning, according to forecasters with the National Weather Service. After that, warm weather will settle over the region for the remainder of the work week.“Basically a warming trend all week,” NWS Meteorologist Kyle Pederson told the Herald.Pederson said the recent wind and rain will wrap overnight Sunday and, though there is a chance for the Cape and Islands to see some scattered showers, otherwise the week will be dry for most of the region.“We’re not detecting any rain this week,” he said.The weather service predicts temperatures will be in the 40s for early morning commuters, but by the end of the day Monday things could warm close to the 60s under partly sunny skies and a 10 mph breeze blowing in from the north.Overnight...