Webinar on tools for assessing national #climate pledges (NDCs) by @WRIClimate. @davidwaskow reminds: #ParisAgreement is meant to work thru an iterative process of increasing ambition (faster emission reductions), leading to #netzero emissions by 2050. (Thread 1/n)

Thread: Why Kenya and other countries are introducing Digital Taxes? Why now?

Now,the current tax laws & international tax framework (which dates back to the 1920s) was designed at a time when businesses were largely brick-and-mortar (physical stores).Then, it was unimagineable for a biz to operate in another country without some form of physical presence

Thus, in most countries, for a business to be pay corporate tax it has to have some form of nexus there (e.g. Kenya). Either it's registered here, or it's managed from here or it has what we call a permanent establishment (also implies some form of physical presence)

Fast forward to today, there are numerous companies that are able to operate in multiple countries without having any physical presence in those countries. Consider social media platforms or streaming services, with a device, connection & subscription you can access their service

...and they don't have to have any physical office or employees etc in Kenya for them to deliver the service to you. I mentioned above that to be subject to corporate tax here, a company would have to have some form of nexus here in Kenya, these companies, don't.

🚨🚨🚨 ANNOUNCEMENT 🚨🚨🚨

@AyannaPressley Unveils Historic Federal Job Guarantee

The resolution draws on historical Civil Rights leaders like Coretta Scott King & economists like Sadie Alexander, & is supported by a wide coalition including @policylink, @NatlJobsForAll, @thepublicmoney, @SEIU, @sunrisemvmt, @CPDAction, @ACREcampaigns, @ourmoneyus, @NelpNews

“It’s time to establish a legal right to a job for all people in America. For years, we have legislated hate, harm & injustice ... It’s long past time to pursue bold, intentional policies that affirm equity & recognize the dignity & humanity of all people.”

"A federal job guarantee is an important investment in the American people, our communities, & an equitable economy that works for all. It affirms the right to meaningful, dignified work & a living wage."

"I’m proud to build upon & honor the legacy & work of generations of Black women Civil Rights leaders by introducing this historic resolution.”

1. Been excited about @JoeNBC's sustained convo today about @KBAndersen's new book Evil Geniuses: The Unmaking of America which explains how the Republican Party radicalized OVER ECONOMICS over the past 30 years. It was launched w the radical tax cuts in Reagan's presidency, but

2. as the GOP evolved through the 90s & 2000s they became dogmatic about their economic philosophy- until it became a radical litmus test/position the party followed even when conditions screamed for different policy. It was a MIRACLE the party acted to stabilize the economy at

3. at the end of 2008 when it was crashing down around us (though they just barely did & some didn't and that's bc it was before the Great Purges of 2010,2012, & 2014). America doesn't know the hit job the GOP did on the American economy as they dogmatically pursued tax cuts to

4. the exclusion of everything else while denying any policy that could grow wages or improve the economic lives of the bottom 80% aside from the 2 or 3 times Ds managed to squeeze through policy while in charge (minimum wage increase in 2007-which was the 1st time in a decade

5. and now, of course, its been another decade. It's actually a miracle wages (all wages bc when the min wage is artificially low it affects all the wages above it, that's how you end up w $10 per hr EMTs & teachers) aren't even more out of wack w inflation. As @JoeNBC points out