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A minimum corporation tax is nothing to celebrate

So is this what the new era of global co-operation looks like? The EU has agreed to delay the introduction of its proposed digital levy until the autumn to allow negotiations for a global minimum corporation tax. Biden had demanded that the digital tax be dropped, seeing it as a direct attack on US tech giants. In other words, the EU appears keen to compromise in the face of US pressure — something that it would have been less likely to do under Donald Trump. The move makes it more likely that a global minimum corporation tax of 15 per cent will now become reality. Is that a cause to

The increasing cruelty of the North Korean regime

On a humid summer’s day in Singapore three years ago today, Donald Trump became the first incumbent US president to meet with his North Korean counterpart. For all of the summit’s theatre, Kim Jong-un’s pledge to ‘work toward complete denuclearisation of the Korean peninsula’ seems unlikely to be realised. Three years on, and the country shows little intention of either abandoning its nuclear ambitions or reforming Pyongyang. Instead, the regime has tightened its control over society, not least ideologically, after the failure of the Supreme Leader’s five-year economic plan. In 2018, the leadership assured North Koreans that the country had achieved its primary geopolitical aim of becoming a ‘fully-fledged nuclear

Biden proves that Trump was a true British ally

Now that Joe Biden has landed in the UK, many Brits may be realising what a stalwart friend they had in Trump. Within minutes of arriving on UK shores, Biden was denouncing Britannia, Boris, Brexit — you name it. Far from hailing the UK, America’s most cherished ally, BIden was showing Britain a bullying disdain that should be reserved only for China or Iran. It is difficult to conceive of two stranger bedfellows than the golden-tongued Old Etonian and the awkward, plain-spoken ‘blue collar’ Joe Biden. But rhetoric, style and acuity aside, the two heads of government face divergent motivations when it comes to policy — these are likely to challenge the British-American partnership. Last

Will the G7 tax deal survive?

What are the chances of the G7’s agreement on a minimum rate of corporation tax actually coming into effect? While it was presented as a done deal last weekend, things are not going too well. Firstly, the G20 will have to agree — which is far from guaranteed given that smaller countries have less to gain from the proposal than the US. It is a tax designed to help countries with a large number of multinational companies who currently operate through subsidiaries in countries with lower corporation tax rates. While no G20 country currently has a rate below the agreed 15 per cent, (and the biggest loser, Ireland, with its 12.5 per cent

A nuclear crisis is closer than you think

It has long been widely accepted as orthodoxy that the world was saved from nuclear war during the Cuban Missile Crisis because of the wisdom of John F. Kennedy and the diplomatic backchannel his aides had with Soviet leader Nikita Khrushchev. But this is only half true. The Soviet sources that have emerged since the end of the Cold War as well as recently declassified KGB archives suggest that, more than anything, we were saved from nuclear annihilation by sheer luck. In the late hours of 27 October 1962, the crucial day of the crisis, American ships targeted a Soviet nuclear-armed submarine with practice depth charges, forcing it to surface.

Putin and Biden need one another

Does Joe Biden think that Putin is a killer? asked ABC host George Stephanopoulos. ‘Mmm-hmm, I do,’ answered the President. Once, that would have been fighting talk. Today? Biden can insult Putin with impunity because he believes that Russia is, quite simply, no longer important or dangerous. Once a deadly serious enemy whose rivalry threatened to destroy life on the planet, Russia’s diminished status means that, these days, there’s little left to the grand old conflict except mere mudslinging. ‘We no longer think in Cold War terms, for several reasons. One, no one is our equal. No one is close,’ Biden told Ukrainian lawmakers in Kiev in 2014. ‘Other than

One hundred days in, is Biden getting a vaccine boost?

Boris Johnson is set for a vaccine boost next week when local election results start rolling in. As James Forsyth explains in this week’s magazine, the vaccine rollout is forefront in voters’ minds, with seven out of ten now inoculated or even fully jabbed up. For all the chaos raging around Johnson, with accusations from his former allies and long-term opponents coming in thick and fast, the PM looks set to retain his support where it matters: at the polling station.  Can the same be said for Joe Biden? Across the pond, America is experiencing an equally successful vaccine rollout, as both the US and the UK hover around the top

America, Britain and two very different realities on race

‘If people in Wales had access to as much media coverage of decisions that affected Wales as they do of US domestic news we’d have a better election campaign.’ This statement, tweeted by Welsh government minister Lee Waters shortly after 10 p.m. on Tuesday evening, just as the verdict in the George Floyd murder trial was about to be announced, sparked outrage. ‘Rancid,’ ‘horrific’ and ‘ignorant’ were just some of the comments directed at Welsh Labour’s deputy minister for transport. Fellow Senedd members rushed to join in the condemnation. A Plaid Cymru spokesperson declared, ‘Lee Waters’ tweet was highly inappropriate, ill-judged and thoughtless.’ The Welsh Liberal Democrats, not wanting to

The West’s shameful Iranian capitulation

On a sweltering day in July 2018, German police pulled over a scarlet Ford S-Max hire car that was travelling at speed towards Austria. The driver, Assadollah Assadi, the third secretary to the Iranian embassy in Vienna, was arrested at gunpoint and taken into custody. Although unusual, there was a good reason for detaining the diplomat: Assadi had used his immunity to smuggle a bomb on a commercial airliner from Tehran to Austria, intending to carry out what would have been one of Europe’s worst atrocities in recent years. Once in Vienna, he had handed the device — codenamed the ‘Playstation’ — to two married Belgian-Iranian agents, Amir Saadouni and

Is Biden turning on Brussels?

The Joe Biden administration, headed up by a proud son of Ireland, has spent St Patrick’s Day briefing reporters in Washington that it will not be taking a side in the latest Irish border dispute. The new President spoke with the Irish Taoiseach on Wednesday in celebration of the two countries’ history — just as the EU prepares to take the UK to court over the border row.  Perhaps Micheál Martin was planning on lightly nudging Biden to remind him of the more recent past. Six months ago, the Democratic challenger to Trump blasted Boris Johnson for putting the Good Friday Agreement at risk, saying that he couldn’t allow it to become a

Russian sanctions are futile

During the 2020 presidential campaign, Joe Biden promised to approach Russia and its irascible President Vladimir Putin with a new sense of toughness and purpose. Now calling the shots in the White House, President Biden appears to have made good on that promise — at least symbolically. On Tuesday, the Biden administration announced several sets of sanctions against Moscow for last summer’s attempted assassination of the Russian activist Alexei Navalny, a plot that involved the Soviet-era nerve agent Novichok. The sanctions, taken in concert with the European Union’s own measures, included asset freezes and travel bans on seven Russian officials deemed responsible for the poisoning, imprisonment, and prosecution of Navalny.

What the Khashoggi murder report means for US-Saudi relations

Today, after pressure from senior US lawmakers and staring at an impending statutory deadline, the Biden administration authorised the release of a declassified intelligence report on one of the most grisly state-sanctioned murders in recent history. The killing of Saudi dissident and Washington Post columnist Jamal Khashoggi may have occurred 16 months ago, but the murder has hung around the US-Saudi relationship like a wet blanket. The US intelligence community’s assessment that Crown Prince Mohammed bin Salman, the heir to the throne, was intricately involved in Khashoggi’s death was a bombshell heard around the world. And yet media reactions notwithstanding, MbS’s role in Khashoggi’s demise was hardly a surprise. This

Biden’s vaccine drive is too slow

I’m hooked on vaccine data. Barely an hour at my desk goes by without hitting refresh on a website telling me how many doses of Covid-19 vaccines have gone into arms around the world. A good day in either the US, where I live, or the UK, where I’m from, brings a frisson of excitement not dissimilar to what I imagine a gambling addict feels when his number hits. Slow progress sends me into a sulk. Either way, I need my fix. The cause of my addiction is not complicated: I am fed up of this wretched pandemic. And the more aggressive the vaccination drive, the sooner it is over.

What Trump’s acquittal means for the future of American politics

Former President Donald Trump was acquitted by the Senate today, in what has turned out to be the shortest impeachment trial in American history, after the House of Representatives voted to impeach him last month after the riot at the Capitol building. Despite being the first president impeached twice during his time in office – this time charged with inciting insurrection – the Senate once again failed to secure two-thirds majority to convict him. When Trump was first impeached in 2019, the Senate voted along near-partisan lines – only Utah senator and former presidential candidate Mitt Romney broke party lines. This time, seven Republicans broke rank to vote with the Democrats

What Brexit Britain can really expect from Biden

Joe Biden is both an exceptionally lucky and unlucky politician. It would have been easy to write off the former vice president a few years ago. Yet here he is, the oldest person to assume the office, albeit becoming president at perhaps the country’s (and entire planet’s) darkest hour since World War II. So what can we really expect from him? And is his arrival really bad news for Brexit Britain? Unlike Trump, Biden is less keen to talk up the ‘special relationship’ with Britain. But this might not be all bad news for Britain after Brexit. Biden has said little about Britain’s departure from the EU, but he has been clear

The banal presidency is back

One era ends; another begins. As J-Lo sang her patriotic wine bar set at Joe Biden’s inaugural in Washington DC, the outgoing president and his outgoing wife landed in Florida, Melania looking happy for the first time in four years because it was finally all over. Donald Trump’s refusal to attend the inauguration reminded me of Gore Vidal’s description of Richard Nixon’s sulk after Watergate: ‘He was simply acting out his Big Loser nature, and, in the process, he turned being a Big Loser into a perfect triumph by managing to lose the presidency in a way bigger and more original than anyone else had ever lost it before.’ For the

How Joe Biden can be a true friend to the Irish

On this day in 1974, a body was recovered in quiet fields near the Country Tyrone village of Clogher, hard against Northern Ireland’s frontier. It was that of Cormac McCabe, the headmaster of a nearby secondary school, who was also a part-time officer in the Ulster Defence Regiment, locally raised ‘home battalions’ of the British Army. McCabe had been kidnapped the day before, having crossed the border to have lunch in Monaghan town with his wife and disabled daughter. Exposed and defenceless, he was the softest of targets for the Provisional IRA terrorists who abducted him, shot him in the head and then dumped him in a bog field. Joe

Donald Trump is impeached again – what now?

Tonight Donald Trump became the first president in the history of the United States to be impeached twice. He was first impeached in 2019, accused of pressuring the President of Ukraine to provide information on his political challenger Joe Biden. This evening, Trump was impeached again on the grounds of ‘incitement of an insurrection’ last Wednesday, when his address at a rally led to a violent mob storming the Capitol building to try to stop Biden’s formal confirmation as president.  While the vote in the House of Representatives was mostly split along party lines, ten Republicans broke from the party to support Trump’s impeachment, including Rep. Liz Cheney — the third-highest ranking Republican in the

An attack on the principles that define America

The scenes in Capitol Hill tonight are the sort that many Americans thought they would never live to see.  A violent mob of Trump supporters stormed the Capitol building, overwhelming law enforcement and firing their weapons into the Senate chamber. Four people have died – one woman shot and killed – and there are reports of police injuries. The Senate was debating (and set to certify) the results of the presidential election. Senators were evacuated just after 2pm – as was Vice President Mike Pence, who is thought to be a major target of the protestors after he announced he would not be swayed by Donald Trump’s call to try to overturn the election result. Condemnation has

The EU is taking a gamble with China

It took Brussels and Beijing seven years to agree an investment deal. A deal that, until its conclusion a few days ago, had been largely eclipsed by the Brexit process. Once the negotiations had concluded, however, the European side suddenly came under intense criticism — China, detractors said, was not the sort of country the EU should be cosying up to. That the deal was finalised on the penultimate day of the year was a sure sign that Angela Merkel was pushing for closure. She had stated before the pandemic that advancing EU-China relations would be one of the goals of Germany’s EU Council presidency (now passed on to Portugal).