G7

Joe Biden’s summer vacation

Tomorrow, The Committee will bundle up Joe Biden, titular president of the United States, and take him for a nice ride across the big, big ocean in a very shiny airplane. Weeee! No details have been released yet about what flavors of ice cream he will enjoy, but The Committee’s press arm has been full of stories with titles like 'Three things to watch on Biden's first foreign trip’. This is not a difficult assignment. The big boys and girls who arrange Joe’s play-dates have told all his favorite friends in the media exactly what to say. And just a couple of days ago they surprised Joe with an article in one of his favorite newspapers, the Washington Post. It was just so nice. A couple of the minders got together and wrote the article and then put Joe’s name on it.

joe biden vacation

Why should Amazon be exempt from Biden’s global tax?

Donald Trump wasn’t a man for international agreements. Just imagine for a moment, though, that it was him rather than Joe Biden who had just persuaded the G7 to back a minimum global corporation tax rate. Would it be hailed as a great breakthrough for fairness, a sideswipe against amoral global corporations?  Like hell it would. On the contrary, the same deal pulled off by Trump would have been attacked as a charter for the big tax avoiders to carry on as they are — as well as a bullying attempt by the US to divert more tax revenues to its own shores at the expense of smaller countries with competitive tax rates. There are two elements to the agreement reached over the weekend. The first is the proposed minimum tax rate of 15 percent.

jeff bezos amazon

The hidden costs of the G7 tax deal

From our UK edition

Calls to reform corporation tax are nothing new and don't just come from the left. The inefficient and bureaucratic nature of the tax has been highlighted by free-market advocates for years, as it becomes increasingly obvious that, in the age of multinationals and digital tech giants, the structure is no longer fit for purpose. Action is now being taken. This afternoon the advanced economies which form the G7 agreed a new structure for taxing big corporations. The historic deal will see a major shift in the way companies are taxed: away from the existing model in which they are taxed in accordance with where their product is created to a new system based on where they are operating.

The world’s first robot artist discusses beauty, Yoko Ono and the perils of AI

From our UK edition

Like a slippery politician on the Today programme, the world’s first robot artist answers the questions she wants rather than the ones she’s been asked. I never had this trouble with Tracey Emin or Maggi Hambling. As we stand before a display of her paintings at London’s Design Museum, I ask Ai-Da whether she thinks her self-portraits are beautiful. What I want to get at, you see, is that, while it’s quite possible for a machine to make something beautiful, it’s hardly comprehensible for a thing made from metal, algorithms and circuitry to appreciate that beauty. ‘I want to see art as a means for us to become more aware of what’s going on in our lives. Art is a way to come together and a way to address problems. Art begins a conversation.

Britain’s golden diplomatic opportunity

From our UK edition

‘The world’s changed quite a bit,’ was Domic Raab’s fitting, if somewhat understated, opening remark at the G7 meeting of foreign secretaries this week. The first in-person meeting of the alliance in two years saw masked dignitaries, elbow bumps and distanced discussions behind plexiglass screens. But two members of the Indian delegation still ended up testing positive for Covid. Beyond the immediate challenges of the current crisis, Raab’s words seemed prescient. Quite a bit has changed since the G7 last met in France in 2019. Britain has left the EU and is no longer paralysed by parliamentary deadlock. President Biden has replaced Donald Trump in the White House.

Trump’s bold defiance of Macron’s hate speech charter

In Arthur Miller’s superb examination of the nature of fanaticism, The Crucible, the key moment comes not with the initiation of the Salem witch trials which form the subject of the play, but in the leading character finally and fully rejecting them. The point of crisis comes when John Proctor refuses to sign his name to the condemnation of supposed witches which would justify their horrific punishment. 'How may I live without my name? I have given you my soul, leave me my name.' It is the moment when a man finally finds the courage that is essential to any meaningful masculinity, the courage to defy the absolute consensus of opinion that harms the innocent and taints those who accept it with complicity in evil.

hate speech

Emmanuel Macron’s climate change virtue signaling

The French president Emmanuel Macron is as flighty as the movie character he most resembles, Harold Chasen, the eponymous sillyboy boy in Harold and Maude. As the world’s economies shudder under a variety of eco-angst initiatives, uncertainty over Brexit, the disruptions of Trump’s steely tariff initiatives, and the truculence of a surprised China, the blinking boy wonder jettisoned all the careful laid plans for the G7 meeting in Biarritz and announced without warning that the summit should focus on the 'emergency’, the 'international crisis’ of (as one news report put it) 'the record number of fires ravaging the Amazon jungle.’ 'Our house is burning.

emmanuel macron