Biden global corporate tax; Israel coalition; Instagram changes algorithm

In today’s episode we will discuss a study suggesting that US President Joe Biden’s global corporate tax plan to be unveiled at the G7 summit day after tomorrow, discuss the political situation in Israel as Prime Minister Netanyahu comes closer to being unseated, and look at why Instagram changed its algorithm after the Gaza conflict.

Today on The Leaders' Brief -
  • According to Reuters, the G7 group would support the push for a tax by the Organization for Economic Cooperation and Development and has a "high level of ambition" for its eventual rate. Mr Biden would seek a 15% global corporate tax. If applicable, this would see the EU collect additional revenues of over $60 Billion. It should be noted that the move comes at a time when most countries have registered record levels of public borrowing due to the COVID induced economic slowdown.  

  • A month after violence rocked Israel, the country’s long-standing Prime Minister Benjamin Netanyahu has come closer than ever to losing his office. Last week, the country’s opposition leader Yair Lapid announced a coalition deal that threatened to end Benjamin Netanyahu’s 12-year rule as the country’s Prime Minister. Lapid and far-right leader of the Yamina party Naftali Bennett will be sharing half terms as Prime Minister as part of the deal. The Prime Minister himself tweeted "All lawmakers who were elected with votes from the right must oppose this dangerous left-wing government." 

  • Facebook-owned Instagram said that it is changing its algorithm after being accused of suppressing pro-Palestinian messages during last months Gaza conflict. The company said that it is changing the way it is showcasing content due to what it called was an unwanted side effect of its algorithm misrepresenting the company as having censored certain viewpoints. During the recent Gaza conflict, social media platforms were heavily used to spread messages of support on both sides. However, during the conflict, several Palestinians had complained that Instagram was discriminatory in deleting several posts that allegedly showed the ground reality of the situation.

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