In a briefing last week,one remark from Scott Morrison gave heart to Liberal backbenchers who desperately want the government to sign up to net zero emissions by 2050.
The new plan could have serious implications for Australian companies that use low-tax jurisdictions in cross border transactions.
The prospect of a global agreement on a minimum corporate tax rate this year has been strengthened by the US government’s search for revenue to fund its $2.9 trillion infrastructure investments.
Where did'Kyoto credits'come from and how do they work? What difference would it make to use them now or not?
The Prime Minister has told world leaders that countries need to join together to"safeguard the planet"in the wake of the coronavirus pandemic,saying Australia was on track to beat its Paris climate agreement targets.
World leaders,including the outgoing US President,popped up in multiple windows across a flickering screen amid plans for a large-scale rollout of COVID-19 vaccines.
Finance officials also vowed to resolve major differences over taxing big tech companies and reach a broad,consensus-based solution on international taxation this year.
Donald Trump has jettisoned international negotiations that were crucial to making Silicon Valley firms pay more tax in Australia.
"Over-dependence on other countries as a source of cheap medical products and supplies has created a strategic vulnerability to our economy,"Robert Lighthizer said.
Dramatic measures by countries to seal their borders,shutter businesses and enforce home isolation are failing to stop the spread of coronavirus,the head of the United Nations said.
Extraordinary images emerged of world leaders in conference call gallery shots - the kind that legions around the world,pushed into working from home,have become accustomed to seeing in recent days.