Former Labor minister calls for major tax shake-up
David Bradbury, the OECD’s departing tax executive, believes Australia needs a new review of tax and spending across the federation to implement difficult reforms.
David Bradbury, the OECD’s departing tax executive, believes Australia needs a new review of tax and spending across the federation to implement difficult reforms.
President Joe Biden warned Prime Minister Benjamin Netanyahu that the U.S. would not participate in a counter-offensive against Iran if Israel decides to retaliate for a mass drone and missile attack on Israeli territory overnight. The threat of open warfare between the two countries has caused global powers and Arab nations to urge restraint to avoid further escalation. The U.S. will continue to help Israel defend itself but does not want war, according to the White House’s top national security spokesperson. Iran launched the attack in response to a suspected Israeli strike on its consulate in Syria, causing only modest damage in Israel as most missiles were shot down with the help of the U.S., Britain, and Jordan. Israel is not planning an immediate retaliation and is seeking to build a regional coalition to address the threat posed by Iran.
Iran warned Israel of a larger attack on its territory if it retaliates against Tehran’s drone and missile attack. The attack was in response to Israel bombing Iran’s consulate in Syria, resulting in the death of seven members of the Islamic Revolutionary Guard Corps. Iran also threatened to target U.S. bases if Washington supports any Israeli military action against Iran.
Iran launched an unprecedented direct attack on Israel using 200 drones and missiles. Most of the drones were intercepted, with only one 7-year-old girl injured by shrapnel. The use of cruise missiles changed the dynamics of the situation. The attack caused Israelis to feel vulnerable and the government will be forced to respond. The attack was similar to Russia’s attacks on Ukraine, experimenting with different types of missiles and drones. Iran has also tested US Navy defense systems through Houthi drone attacks.
Israel and Iran are on a collision course, with fears of a broader conflict in the Middle East. Tehran responded to an Israeli strike by hijacking a ship and attacking Israel with missiles and drones. The US wants to avoid escalation, but it may be challenging to restrain Israel from retaliating. The conflict between Israel and Iran is likely to continue, with potential for further violence and involvement from other countries like the US and China.
Iran warned Israel of a larger attack on its territory if Israel retaliates against Tehran’s overnight drone and missile attack. Iran also warned Washington not to back Israeli military action, stating that any support would result in U.S. bases being targeted.
Economists and small business owners are urging U.S. lawmakers to extend or make permanent the Trump-era tax cuts, particularly the deductions that allowed them to reinvest in their operations.