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Filipino firms support LGBTQIA+

UNPLASH

SIXTY-SEVEN percent of Filipino companies offer benefits to employees from the LGBTQIA+ community, according to the results of a survey by recruitment platform foundit.

These benefits include healthcare coverage, family and relationship benefits, mental health support and training and education perks, foundit said in a statement on Monday.

“The Philippines is demonstrating remarkable progress in creating inclusive workplaces,” it said. “It is particularly encouraging to see that 67% of companies offer special benefits for LGBTQIA+ employees, showcasing a deep commitment to inclusivity.”

This positions the Philippines as a leader in the region for LGBTQIA+ workplace support, foundit Chief Executive Officer Sekhar Garisa said in the statement. — Chloe Mari A. Hufana

Sadorra to lead Team Philippines’ quest in World Chess Olympiad

GRANDMASTER JULIO CATALINO SADORRA

FILIPINO Grandmaster (GM) Julio Catalino Sadorra, who almost stunned former world champion Magnus Carlsen before, is back as spearhead of the Philippine team braving into battle in the 44th World Chess Olympiad slated Sept. 10 to 23 in Budapest, Hungary.

“I miss it,” said the 37-year-old Mr. Sadorra moments after being officially named into the squad by the National Chess Federation of the Philippines (NCFP).

Mr. Sadorra will team up with fellow GM and Olympiad veteran John Paul Gomez, reigning national titlist Daniel Quizon, Paolo Bersamina and Jem Garcia and should man the top board.

He actually had to beg off to play for the country in the last three Olympiads — the first two online in 2020 and 2021 and the other in face-to-beat staging two years ago in Chennai, India — due to his family commitments as well as his duty as UT Dallas chess team coach.

But with him finally getting the clearance and time to play, he is all set and ready to go for his much-anticipated return.

In three Board One stints in 2014 in Tromso, Norway, 2016 in Baku, Azerbaijan and 2018 in Batumi, Georgia, Mr. Sadorra scored an impressive 19 points out of the possible 30 that included in a shock draw with Mr. Carlsen, then the reigning world champion, in Baku in a game where he outplayed the Norwegian star in the opening but ended missing his winning chances for the split.

“We’re happy he’s back,” said NCFP chief executive officer and national women’s team coach GM Jayson Gonzales of Mr. Sadorra.

GMs Mark Paragua and Oliver Barbosa, who are also US-based like Mr. Sadorra, were invited but had to respectfully beg off due to time conflict.

There was also a plan of getting GM Eugene Torre to come back from retirement but it did not push through.

But Asia’s first GM will coach the men’s team though.

The women’s team, for its part, will have WGM Janelle Frayna, WIM Jan Jodilyn Fronda and Woman FIDE Master Ruelle Canino — the reigning national women’s champion.

The other two spots were currently being contested by Shania Mae Mendoza, Kylen Joy Mordido, Bernadette Galas, Marie Antoinette San Diego, Allaney Jia Doroy and Cherry Ann Mejia are currently contesting the last two berths in a double-round robin tournament at the PACE in Mindanao Ave, Quezon City. — Joey Villar

Cignal HD Spikers score its second win against upset-conscious ZUS Coffee Thunderbelles

CIGNAL HD SPIKERS — FACEBOOK.COM/PREMIERVOLLEYBALLLEAGUE

Games Wednesday
(PhilSports Arena)
1 p.m. — Farm Fresh vs PLDT
3 p.m. — Creamline vs Nxled
5 p.m. — Galeries Tower vs Chery Tiggo

FOR Cignal import MJ Perez, it is always important to stay motivated each game.

It was magnified during the HD Spikers’ hard-fought 25-18, 29-27, 21-25, 25-22 win over the upset-conscious ZUS Coffee Thunderbelles on Tuesday that sealed the former a second win in a row in the Premier Volleyball League Reinforced Conference at the PhilSports Arena.

It was a game that nearly sent Cignal to its first defeat after an impressive 25-18, 25-21, 25-16 decimation of Choco Mucho Thursday as ZUS showed it was an entirely different team from its winless campaign a conference ago and nearly pulled off an upset.

Good thing Ms. Perez and the HD Spikers stayed grounded and focused.

“Every match, we have to be motivated for our team to get out goals,” said the hard-playing, power-hitting Puerto Rican, who exploded with a match-high 30 points she laced with 26 bazooka kills.

“We’re happy we did our best even though we didn’t have the best performance, but everyday is a lesson,” she added.

Cignal skipper Ces Molina agreed.

The Jerry Yee-mentored Thunderbelles did look like a polished team as they stared the favored HD Spikers eye to eye with Japanese Asaka Tamaru leading the way with a team-best 23 points.

ZUS also drew solid performances from its NCAA championship-tested stars from St. Benilde in Cloanne Mondoñedo, who had 15 excellent sets, and the crisp-spiking tandem of Gayle Pascual and Michelle Gamit, who chipped in 14 and 13 hits, respectively.

But when it mattered, none was a match with the steadiness of Mmess. Perez and Molina as ZUS dropped to 0-2. — Joey Villar

Eala scales new career-best ranking of No. 143 in WTA

ALEX EALA — FACEBOOK.COM/ALEXEALA

ALEX EALA is now among the Top 150 players in the world of tennis.

In a historic leap, Ms. Eala netted a new career-best ranking of No. 143 in the Women’s Tennis Association (WTA) after a rare twin-title feat in Spain.

Ms. Eala jumped 12 places from a previous career-high at No. 155 last week. Prior to that, she only got high as No. 157 last May before finally breaching the Top 150.

The Filipina sensation started at No. 1180 upon her entry to the women’s circuit in 2020 when she was at the peak of her junior career, where she rose as high as No. 2 in the world rankings. She also jumped 37 places in the doubles now at No. 208 from No. 245 last week.

There’s no stopping Ms. Eala in the women’s arena this time around after reigning supreme in both the singles and doubles tournaments of the elite W100 Vitoria-Gasteiz in Spain over the weekend.

Ms. Eala, 19, first bagged the doubles title with long-time partner Estelle Cascino of France following a 6-3, 2-6, 10-4 win over Bulgaria’s Lia Karatancheva and Latvia’s Diana Marcinkevica in the final.

It’s the third pro doubles title for Ms. Eala and she all won it this year. She and Ms. Cascino also won the W75 Croissy-Beaubourg in France last March while Ms. Eala partnered with Latvia’s Darja Semenistaja in winning the W50 Pune in India last January.

Later on,  the No. 5 seed Ms. Eala completed the twin feat by drubbing No. 7 seed Victoria Jimenez Kasintseva of Andorra, 6-4, 6-4, for her fifth pro singles crown without a single set allowed in a perfect campaign.

Ms. Kasintseva, coincidentally, was the former world No. 1 player in the girls’ circuit just ahead of Ms. Eala before their encounter in the women’s play this time. — John Bryan Ulanday

Milo renews partnership with karatedo group

Milo Philippines and the Association for the Advancement of Karatedo (AAK) reaffirm their commitment to nurturing more young Filipino athletes in a partnership reinforcement ceremony held at the Nestlé Philippines office in Makati City. The event was led by (from left) Chino Veguillas, vice president of AAK; Richard Lim, president of AAK; Veronica Cruz, senior vice president and business executive officer for beverages & confectionary of Nestlé Philippines; and Carlo Sampan, head of Milo Sports

MILO Philippines renews its partnership with the Association for the Advancement of Karatedo (AAK) in a ceremony held in Makati City, which will continue and scale its efforts to nurture more young Filipino champions through grassroots sports.

The event was led by Veronica Cruz, senior vice president and business executive officer for beverages & confectionary of Nestlé Philippines, Carlo Sampan, head of Milo Sports, Richard Lim, president of AAK and Chino Veguillas, vice president of AAK. A partnership spanning more than 35 years, Milo and AAK have been promoting Karatedo to teach Filipino children valuable lessons such as grit, discipline, and teamwork, which serve as a cornerstone for their growth and success in sports and life.

This year, AAK will stage various tournaments with the support of Milo to help kids from grassroots communities elevate their competitive abilities and showcase their karate skills on a broader stage.

The AAK will host the Asia Youth Karate Championships which will see 900 competitors from 38 countries and the Asian Cadets U-21 Championships which will bring together the best karatekas in the region.

In 2026, the Philippines will host the World Youth Championships, which will welcome over 3,000 athletes across the globe.

LeBron James picked as Team USA’s male flag bearer for Paris Games

PARIS — Four-time NBA champion LeBron James will be Team USA’s male flag bearer at the opening ceremony of the Paris Olympics on July 26, the American team said on Monday.

The two-time Olympic gold medallist, aged 39, will be participating in his fourth Olympics.

“It’s an incredible honor to represent the United States on this global stage, especially in a moment that can bring the whole world together,” Mr. James said in a statement.

“For a kid from Akron, this responsibility means everything to not only myself, but to my family, all the kids in my hometown, my teammates, fellow Olympians and so many people across the country with big aspirations.

“Sports have the power to bring us all together, and I’m proud to be a part of this important moment.”

His female counterpart, who will also carry the flag on a barge along with boats carrying all other teams down the river Seine in front of 300,000 spectators, will be announced on Tuesday.

Mr. James and his flag bearer counterpart were chosen by a vote of fellow Team USA athletes. — Reuters

USA needs Durant

Why is Team USA relying on LeBron James to eke out victories? This query has been on the minds of pundits, casual observers, and even stalwarts of the red, white, and blue following close calls against South Sudan and Germany over the last three days. He’s 39 years old with a whopping 21 years’ worth of National Basketball Association miles on his odometer, and yet he has invariably appeared to be the best-equipped among members of arguably the most-stacked lineup in Olympics annals to take the measure of the competition.

Make no mistake. James remains one of the best of the best in the world. In fact, he is one of one in terms of combining physical attributes, mental acuity, and skill set to fill stat line after stat line in pursuit of collective objectives. On the other hand, not even he planned on doing most of the heavy lifting — and especially not with marquee names by his side — against opponents who, on paper, have no business standing toe to toe with Team USA. Yesterday, for instance, he had to put on his cape anew in the crunch just to salvage the situation; he scored 11 points — not coincidentally the last 11 for his squad — and came up with three rebounds, two steals, and one assist in the last four minutes to upend Germany.

Considering James’ starring role, it’s hard to fathom that he first donned the national colors in Athens 20 years ago. Now, he’s slated to literally and figuratively carry the flag for Team USA in Paris. And while all and sundry know the depth of the field in the 2024 Summer Games, the exhibition matches — and the need for him to take over late — have been an eye opener for the overwhelming favorites. So far, they’ve been playing more like a group of outstanding players and less like an outstanding group, period.

Perhaps it’s simply too much to expect Team USA to jell as if its stalwarts have been together for a while now. The roster was finalized only in April, with the first tuneup match coming only two weeks ago. Under the circumstances, the turnovers, offensive breakdowns, defensive lapses, and general malaise can be explained as par for the course. That said, there is cause to contend that the sheer talent on hand should trump any growing pains. And the coaching staff’s no slouch, either.

If there’s any good news, it’s that Kevin Durant will be suiting up when the Games commence. He’s nursing a calf strain, and officials have kept him out of the court due to an abundance of caution. His presence will be a boon in Group and Medal play, no doubt stabilizing substitution patterns and easing the load James has had to carry. Team USA needs him, and how.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and human resources management, corporate communications, and business development.

Harris likely to stick largely to Biden’s foreign policy playbook

UNITED STATES VICE PRESIDENT Kamala Harris speaks at her Presidential Campaign headquarters in Wilmington, Delaware, US, July 22, 2024. — ERIN SCHAFF/POOL VIA REUTERS

WASHINGTON — Vice President Kamala Harris is expected to stick largely to Joseph R. Biden’s foreign policy playbook on key issues such as Ukraine, China and Iran but could strike a tougher tone with Israel over the Gaza war if she replaces the president at the top of the Democratic ticket and wins the US November election.

As the apparent frontrunner for the nomination after Mr. Biden dropped out of the race and endorsed her on Sunday, Ms. Harris would bring on-the-job experience, personal ties forged with world leaders, and a sense of global affairs gained during a Senate term and as Mr. Biden’s second-in-command.

But running against Republican candidate Donald Trump, she would also have a major vulnerability — a troubled situation at the US-Mexico border that has bedeviled Mr. Biden and become a top campaign issue. Ms. Harris was tasked at the start of his term with addressing the root causes of high irregular migration, and Republicans have sought to make her the face of the problem.

On a range of global priorities, said analysts, a Harris presidency would resemble a second Biden administration.

“She may be a more energetic player but one thing you shouldn’t expect — any immediate big shifts in the substance of Biden’s foreign policy,” said Aaron David Miller, a former Middle East negotiator for Democratic and Republican administrations.

Ms. Harris has signaled, for instance, that she would not deviate from Mr. Biden’s staunch support for NATO and would continue backing Ukraine in its fight against Russia. That stands in sharp contrast to a pledge by former president Trump to fundamentally alter the US relationship with the alliance and the doubts he has raised about future weapons supplies to Kyiv.

STAYING THE COURSE ON CHINA?
A lawyer by training and a former California attorney general, Harris struggled in the first half of Mr. Biden’s term to find her footing, not helped by being saddled early on with a major part of the intractable immigration portfolio amid record crossings at the US-Mexico border.

That followed a failed 2020 presidential campaign that was widely considered lackluster.

If she becomes the nominee, Democrats will be hoping Harris will be more effective at communicating her foreign policy goals.

In the second half of Mr. Biden’s presidency, Ms. Harris — the country’s first Black and Asian American vice president — has elevated her profile on issues ranging from China and Russia to Gaza and become a known quantity to many world leaders.

At this year’s Munich Security Conference she delivered a tough speech slamming Russia for its invasion of Ukraine and pledging an “ironclad” US commitment to NATO’s Article 5 requirement for mutual self-defense.

The Kremlin said on Monday that Ms. Harris had made no noteworthy contribution to relations with Moscow except for statements “unfriendly towards our country.” She has accused Russia of waging a “barbaric and inhumane” war in Ukraine.

On China, Ms. Harris has long positioned herself within Washington’s bipartisan mainstream on the need for the US to counter China’s influence, especially in Asia. She would likely maintain Mr. Biden’s stance of confronting Beijing when necessary while also seeking areas of cooperation, analysts say.

Ms. Harris has made several trips aimed at bolstering relations in the economically dynamic region, including one to Jakarta in September to fill in for Mr. Biden at a summit of the Association of Southeast Asian Nations (ASEAN). During the visit, Ms. Harris accused China of trying to coerce smaller neighbors with its territorial claims in the disputed South China Sea.

Mr. Biden also dispatched Ms. Harris on travels to shore up alliances with Japan and South Korea, which have had reason to worry about Mr. Trump’s commitment to their security.

“She demonstrated to the region that she was enthusiastic to promote the Biden focus on the Indo-Pacific,” said Murray Hiebert, a senior associate of the Southeast Asia Program at Washington’s Center for Strategic and International Studies.

While she could not match the “diplomatic chops” Biden had developed over decades, “she did fine,” he added.

However, like her boss, Ms. Harris has been prone to the occasional verbal gaffe. On a tour of the Demilitarized Zone between South and North Korea in September 2022 to reassert Washington’s support for Seoul, she mistakenly touted a US “alliance with the Republic of North Korea.”

If Ms. Harris becomes her party’s standard-bearer and can overcome Mr. Trump’s lead in pre-election opinion polls to win the White House, the Israel-Palestinian conflict would rank high on her agenda, especially if the Gaza war is still raging.

Although as vice president she has mostly echoed Mr. Biden in firmly backing Israel’s right to defend itself after Hamas militants carried out a deadly cross-border raid on Oct. 7, she has at times stepped out slightly ahead of the president in criticizing Israel’s military approach.

In March, she bluntly stated that Israel was not doing enough to ease a “humanitarian catastrophe” during its ground offensive in the Palestinian enclave. Later, she did not rule out “consequences” for Israel if it launched a full-scale invasion of refugee-packed Rafah in southern Gaza.

Such language has raised the possibility that Ms. Harris, as president, might take at least a stronger rhetorical line with Israel than Mr. Biden, analysts say.

While her 81-year-old boss has a long history with Israeli leaders and has even called himself a “Zionist,” Ms. Harris, 59, lacks his visceral personal connection to the country. 

She maintains closer ties to Democratic progressives, some of whom have pressed Mr. Biden to attach conditions to US weapons shipments to Israel out of concern for high Palestinian civilian casualties in Gaza.

But analysts do not expect there would be a big shift in US policy toward Israel, Washington’s closest ally in the Middle East.

Halie Soifer, who served as national security adviser to Ms. Harris during the then-senator’s first two years in Congress, said Ms. Harris’ support of Israel has been just as strong as Mr. Biden’s. “There really has been no daylight to be found” between the two, she said.

Ms. Harris is expected to have a previously scheduled meeting with Israeli Prime Minister Benjamin Netanyahu during his visit to Washington this week, her first encounter with a foreign leader since Mr. Biden ended his re-election bid.

IRAN NUCLEAR THREAT
Ms. Harris could also be expected to hold firm against Israel’s regional arch-foe, Iran, whose recent nuclear advances have drawn increased US condemnation.

Jonathan Panikoff, formerly the US government’s deputy national intelligence officer for the Middle East, said the growing threat of “weaponization” of Iran’s nuclear program could be an early major challenge for a Harris administration, especially if Tehran decides to test the new US leader.

After a series of failed attempts, Mr. Biden has shown little interest in returning to negotiations with Tehran over resuming the 2015 international nuclear agreement, which Mr. Trump abandoned during his presidency.

Ms. Harris would be unlikely to make any major overtures without serious signs that Iran is ready to make concessions.

Even so, Mr. Panikoff, now at the Atlantic Council think tank in Washington, said: “There’s every reason to believe the next president will have to deal with Iran. It’s bound to be one of the biggest problems.” — Reuters

The internet says Kamala Harris is ‘brat,’ and her campaign is embracing it

NEW YORK — Kamala Harris is not yet the Democratic Party’s candidate for president but her status online is already clear: she is a meme.

In the latest testament to her viral presence among Gen Z, British pop sensation Charli XCX name-checked her in a weekend tweet that called the vice president a “brat.”

And Ms. Harris’ campaign is leaning into it.

Soon after the artist tweeted “kamala IS brat” on Sunday night — giving Harris the name of her latest album — the US vice president adopted the album’s lime green aesthetic for her “Kamala HQ” account.

Charli XCX was acknowledging something that had already taken off online, where viral memes were featuring video clips of Ms. Harris dancing and joking against Charli XCX tracks.

Brat, the singer has explained, is “that girl who is a little messy and likes to party and like maybe says some like dumb things sometimes, who like feels herself but then also like maybe has a breakdown… It’s brat, you’re brat, that’s brat.”

Her tweet on Sunday sent the trend soaring, a phenomenon that could help Ms. Harris’ outreach to younger voters that could play a pivotal role in the Nov. 5 election.

That contrasts not only with 78-year-old Republican rival Donald Trump, but with Ms. Harris’ 81-year-old boss, President Joseph R. Biden, who quit the race at the weekend and endorsed his vice president as his replacement at the top of the ticket.

A spokesperson for Charli XCX declined a request for an interview.

The ‘brat’ trend joins another Harris viral meme — audio from a 2023 speech that was pilloried before by critics, but is now embraced by Gen Z as a sort of existential philosophy.

“’You think you just fell out of a coconut tree?’” Ms. Harris asks in the speech, quoting what her mother used to say, before laughing and then growing serious. “You exist in the context of all in which you live and what came before you.”

The Internet hive mind has adopted a coconut emoji as an unofficial campaign symbol for Ms. Harris. TikTokers have used sound from the “coconut tree” speech in at least 3,000 videos, according to TikTok.

Ms. Harris’ membership in Alpha Kappa Alpha — the first Black Greek-letter sorority — at Howard University in Washington, D.C., is also sparking viral engagement online.

“Listening to the opposition knowing we have 22,190,813 members in the D9 abt (sic) to vote for Kamala!” says one video on TikTok featuring two women, one of which is in the AKA colors of pink and green. D9 refers to a group of nine historically Black fraternities and sororities.

To be sure, Ms. Harris has her share of haters online. Critics have pushed clips aimed at portraying her in a negative light, including compilations of her boisterous laugh, after Mr. Trump himself referred to her as “Laffin’ Kamala.”

Younger voters, who overwhelmingly vote Democratic, had so far been unenthusiastic about a presidential race between Mr. Biden and Mr. Trump, 78 years old.

“It’s very hard to understand Gen Z unless you’re Gen Z,” said Chris Mowrey, a Democratic social media influencer with 340,000 TikTok followers, referring to the generation born between 1997 and 2012.

Internet moments can translate to the ballot box, Mr. Mowrey added: “Young voters vote significantly more based on just personality and, like, vibes.” — Reuters

Business travel spending recovers in all regions but Asia and Europe

TRAVELERS walk with their suitcases at Beijing Daxing International Airport in Beijing, China April 24, 2023. — REUTERS

NEW YORK — Global business travel spending in 2023 recovered to pre-pandemic levels in North America, Latin America, the Middle East and Africa as companies resumed in-person gatherings and conferences, according to report released Monday by an industry association.

However, the Global Business Travel Association’s annual report also said business travel spending adjusted for inflation remains below 2019 levels and a full global recovery faces increased headwinds from geopolitical conflicts and a slower travel rebound in major markets like China.

Global business travel spending as a whole in 2023 increased 30% to $1.34 trillion from the previous year, but it was still about 7% below pre-pandemic levels, according to the report.

“We are now expecting to see continued solid spend growth in business travel, but at a more normal, moderate level as the world economies return to a more traditional cycle,” said Suzanne Neufang, the association’s chief executive officer.

The association predicts that spending will reach $1.48 trillion by the end of 2024, surpassing the pre-pandemic record of $1.43 trillion.

When adjusted for inflation, global business travel spending was 22% lower in 2023 compared to 2019 levels.

The Asia-Pacific region was the fastest-growing region in 2023 led by a rise in spending in South Korea and India, which increased 27% and 22% respectively year over year.

However, the region still lagged a full recovery as business travel spending in China increased 9% year over year, but still trails behind pre-pandemic levels.

Spending recovered to pre-pandemic levels in North America, Latin America, the Middle East and Africa.

Despite surpassing the pre-pandemic record of $346.8 billion, the growth in spending in North America decelerated to 25% year over year down from 73% the year prior.

Similarly, in Western Europe business travel spending increased 33% in 2023 compared to 109% in 2022 when spending surged as governments loosened travel restrictions. The region’s spending was 6% below pre-pandemic levels. — Reuters

France flaunts its baguettes with scratch-and-sniff stamps

LA POSTE

PARIS — Visiting Paris for the Olympics and want to share the enticing aroma of a fresh baguette? A scratch-and-sniff stamp on your postcard could be the answer.

The crunchy stick of fluffy white bread is a symbol of France around the world and has been a mainstay of its diet for at least 100 years.

Many would consider its scent of wheat and yeast unrepeatable. But not the French post office.

“You just have to rub the stamp here like this with your nails,” said postal worker Clarisse Briend. “You can smell the bread, the baguette.”

Just don’t expect France’s gastronomic purists to be impressed.

“Our yeast is gentle,” said Jeanne Barrere, manager of the Leonie Bakery near Paris’ Champs-Elysees boulevard. “This smells more like vanilla.”

Ms. Barrere’s chief baker Harlem Gbodialo smelled a “sugary, fruity aroma” that he couldn’t place.

Although baguette consumption has declined, France still makes around 16 million per day — or nearly 6 billion a year.

One legend has it that Napoleon Bonaparte’s bakers came up with the elongated shape to make it easier for his troops to carry. — Reuters

Digital tax talks in G20 spotlight as US tariff threat looms

REUTERS

RIO DE JANEIRO — Talks over a global tax deal are continuing well past a June 30 deadline and governments are now looking to a Group of 20 (G20) finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.

The so-called “Pillar 1” arrangement, part of a 2021 global two-part tax deal, aims to replace unilateral digital services taxes (DSTs) on US technology giants including Alphabet’s Google, Amazon.com and Apple through a new mechanism to share taxing rights on a broader, global group of companies.

The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on US tech giants and risk punitive duties on billions of dollars in exports to the US.

Standstill agreements under which Washington has suspended threatened trade retaliation against seven countries — Austria, Britain, France, India, Italy, Spain and Turkey — expired on June 30, but the US has not taken steps to impose tariffs.

Discussions on the matter are continuing. An Italian government source said that European countries were seeking assurances that the US tariffs on some $2 billion worth of annual imports from French Champagne to Italian handbags and optical lenses remained frozen while the talks continue, including at the G20 meeting in Rio de Janeiro.

TOP PRIORITY
A European Union document prepared for the G20 meeting lists finalizing the international tax deal as a “top priority.”

It said the G20 should urge countries and jurisdictions participating in the tax deal “to finalize discussions on all aspects of Pillar 1, with a view to signing the Multilateral Convention (MLC) by summer end and ratifying it as soon as possible.”

Meanwhile, Canada in July became the eighth country to impose a unilateral digital services tax, with Finance Minister Chrystia Freeland saying it was “simply not reasonable, not fair for Canada to indefinitely put our own measures on hold” after the June 30 deadline passed without a Pillar 1 agreement.

The US maintains that such taxes are discriminatory because they specifically target the local revenues of US technology firms that dominate the sector.

“Treasury continues to oppose all tax measures that discriminate against US businesses,” a US Treasury spokesperson said in response to Canada’s move. “We encourage all countries to finalize the work on the Pillar 1 agreement. We are in active discussions on next steps related to the existing DST joint statements.”

A spokesperson for the US Trade Representative’s office added that the OECD/G20 negotiations “offer the best path to address challenges that digitalization of the economy poses to the international tax system.”

SMALLER FIRMS AFFECTED
Treasury Secretary Janet Yellen told Reuters at a G7 finance meeting in May that India and China were hindering agreement on the alternative transfer-pricing mechanism known as “Amount B.”

This mechanism would apply to thousands of companies below the $20 billion annual revenue threshold for “Amount A”, and is aimed at delivering tax certainty to these firms through an objective way of calculating tax liability, said Danielle Rolfes, head of KPMG’s Washington National Tax Practice.

“It’s in the interest of all the countries around the table to try to keep it alive,” Rolfes said.

At the G20 meeting in Rio de Janeiro, Yellen will also face questions from counterparts over the continuity of US policy commitments in the wake of President Joseph R. Biden’s decision to end his re-election bid and growing international angst over a potential return of Donald Trump to the White House. — Reuters

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