Trump Organization charged with tax crimes
In a 15-year tax fraud scheme, the Trump Organization, the family real estate business that catapulted Donald Trump to prominence, was charged on Thursday with tax fraud. A new phase of an ongoing criminal investigation into the former president and his company has begun with the filing of these charges, which signal an aggressive new approach.
While the former president was not charged, his long-serving and trusted chief financial officer, Allen Weisselberg, was arrested and turned himself in to law enforcement authorities. A grand larceny charge, tax fraud, and other charges are being pursued against him because he is accused of avoiding taxes on $1.7 million in income.
The charges are the result of an ongoing investigation by the Manhattan district attorney into the business practises of Trump and his organisation. In addition to other potential financial crimes, federal prosecutors are investigating whether Trump and the Trump Organization manipulated property values in order to obtain loans and tax breaks, among other things.
Test of loyalty: As the Trump family grows increasingly unpopular, Weisselberg is under increasing pressure to expose them.
Analysis: The charges could have a negative impact on Trump’s financial situation because indictments can jeopardise relationships with banks, and Trump has a significant amount of debt.
The E.U.’s vaccine certificates
The European Union implemented digital vaccine cards in order to allow residents of member states to travel more freely between countries. Although the certificates are valid, there has been some disagreement over which vaccines qualify — only those manufactured by Pfizer-BioNTech, Moderna Pharmaceuticals, Johnson & Johnson, and AstraZeneca — and how they are used.
Currently, there are differences in how member states are implementing the system, with some countries denying airlines access to the vaccine cards due to privacy concerns.
A month after Greece reopened its doors to tourists, coronavirus cases in the country reached a new low, while the number of visitors, particularly from the United States, continued to rise steadily. However, as a result of the spread of the Delta variant, the Portuguese government plans to reinstate nighttime curfews in some cities, including some tourist hotspots, as part of its response.
Other travel news: In a recent statement, the CEO of the airline holding company Air France-KLM called on the United States to loosen restrictions on visitors from the European Union. According to the Biden administration’s press secretary, the administration is considering lifting the ban.
Here are the most recent updates on the pandemic, as well as maps.
In other developments:
Global support for a minimum corporate tax
Approximately 130 countries have agreed to a blueprint under which multinational corporations would be subject to tax rates of at least 15 percent in every country where they did business. According to the Organization for Economic Cooperation and Development, the plan would generate an additional $150 billion in tax revenue each year.
Regulations outlined in the conceptual framework would compel Big Tech companies and other global businesses to pay taxes in countries where their goods or services are sold, even if they do not have a physical presence in the country where the goods or services are sold.
In spite of earlier reservations, China, Russia, and India are among those who have signed on. However, some major tax havens, such as Ireland and some Caribbean countries, have yet to sign on to the agreement, which could reduce the agreement’s overall effectiveness.
Details:Small countries must be allowed to continue competing with large ones, according to the Irish government, in order to compensate for the loss of any tax advantages.
Statement:According to President Biden in a statement, “Today represents an important step forward in moving the global economy forward to be more equitable for workers and middle-class families in the United States and around the world.”
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Around the World
In the Dark” was slammed by activists for casting a sighted actress in the role of the show’s blind lead, which was filmed in the dark. The protests raise the question of whether there is a proper way to act blindly.
Andrew Leland, who has been gradually losing his sight, writes that the most authentic performance of blindness is at times precise and at other times fumbling. When it comes to the majority of the day, blind people are no different than anyone else, until they come across an obstacle or hear something that brings them back to awareness of their disability.
From the Annals
In the 1950s, the hamlet of Cherry Grove, on the New York island of Fire Island, served as a haven for gay men and lesbians in need of protection. View dozens of enlarged photographs from that time period.
100 years of China’s Communist Party
China commemorated the 100th anniversary of the founding of the Communist Party, which is currently in power, yesterday. On Sunday, China’s leader, Xi Jinping, delivered a defiant speech in which he declared the country’s rise unstoppable in front of a crowd of 70,000 people who waved flags, sang songs and cheered in unison.
During a time when the rest of the world was grappling with the pandemic, the event was staged to portray a powerful nation at ease. Chinese President Xi Jinping said, dressed in a Mao suit, that the Chinese people would never allow foreign forces to bully, oppress, or enslave them. The Great Wall of Steel, which was built with the flesh and blood of 1.4 billion Chinese people, will crack and spill blood on the heads of those who harbour such delusions.
The Communist Party’s long life has perplexed its critics, and according to The Economist, no other dictatorship has undergone such a transformation — from a famine crisis during the Mao Zedong era to the world’s second-largest economy today. Many citizens have been won over by economic growth and a sharp decline in rural poverty in many places, rather than by political ideology in many cases.
Officials are rewriting parts of history and clamping down on criticism in preparation for this week’s event, which aims to glorify the Communist Party’s contributions to Chinese citizens. Some party members, on the other hand, question whether Xi is doing enough to move the country forward. They are also concerned that he has eliminated the checks and balances that were put in place under Deng Xiaoping and that allowed the party to avoid embarrassing mistakes while allowing the economy to flourish.
Related:We put together a collection of images depicting the unlikely rise of a political party that was born out of the ruins of a dynasty. The anniversary has also sparked a flurry of officially sanctioned artwork.