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The G7’s finance ministers’ new deal to get tougher on tax avoidance by multinationals officially brings to an end the 40-year race to the bottom on corporation tax. There will now be a minimum global rate of 15%, pending an agreement at the G20 next month, and multinationals will no longer be taxed where they’re registered, but where they make their money.
But before anyone hails the dawning of a new social democrat century, tax specialist Ronen Palan is sceptical. File most of this under ‘tax advisers being quite accomplished at finding loopholes’. We also report on the prospects for Joe Biden’s first presidential visit to the UK, and also compare this year’s summit with the Trumpian horrors of Biarritz 2019.
Elsewhere, we look beyond Nasa’s two new Venus missions to the other proposed missions that were rejected at the same time: one to Jupiter’s moon of Io and the other to Neptune’s Triton. And in response to the hoo-ha around Channel 5 drama Anne Boleyn, we bring you a defence of historical inaccuracy.
Finally, today is World Oceans Day. Join us at 4pm BST for a live webinar where our environment editor, Jack Marley, will be talking to experts about the history of life in the ocean and why the next
decade will be crucial.
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Steven Vass
Business + Economy Editor
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G7 finance ministers at London’s Lancaster House on Saturday June 5.
EPA
Ronen Palan, City, University of London
To weigh the prospects of a transformation, it pays to look at the markets.
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A volcanic eruption on Jupiter’s moon Io.
NASA/JPL/DLR
Ashley Spindler, University of Hertfordshire
When two missions to Venus were announced, two others missed out.
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Jodie Turner-Smith as Anne Boleyn.
Channel 5/PA
Leanne Bibby, Teesside University
Historically inaccurate portrayals of Anne Boleyn aren't new, and artistic license is vital to telling her story.
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Politics + Society
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Patricia Francis, Nottingham Trent University
When the movement made its way from the United States in 2016, it wasn't met with nearly the same amount of support we see today.
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Tim Bale, Queen Mary University of London
Multiple post-Brexit pressures make the prime minister eager to please.
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Natasha Lindstaedt, University of Essex
The UK will host the first G7 summit since 2019. Can they tackle global challenges?
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Business + Economy
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Gulcin Ozkan, King's College London
Some national economies will return to their pre-COVID levels this year, others not until 2025. What does this imbalance mean for the global economy?
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Tolu Olarewaju, Staffordshire University
Nigeria risks losing its recent status as Africa's most attractive tech hub following its decision to suspend Twitter's operations.
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Environment + Energy
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Andrew Parnell, University of Sheffield
New barium sulphate-based paint could help reduce effects of climate change.
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Antonia Law, Keele University
The lives of one in ten of Earth's species are connected to lakes and their tributaries.
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Health + Medicine
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Maxime Lepoutre, University of Reading
It could lend credibility to other conspiracy theories that also revolve around a laboratory origin for the virus.
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Vassilios Vassiliou, University of East Anglia; Nikhil Aggarwal, University of East Anglia; Subothini Sara Selvendran, University of East Anglia
Discoloured or misshapen fingernails have been reported by some patients following a COVID-19 infection.
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Science + Technology
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Anders Sandberg, University of Oxford
One in a million or one in ten? Mathematics can help us work out the odds of whether recent sightings of UFOs are really alien spaceships.
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Peter Thomas, University of Hertfordshire
Supersonic jet technology has moved on since Concorde's final flight in 2003.
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Cities
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Pippa Catterall, University of Westminster; Ammar Azzouz, University of Oxford
The gaybourhood gave LGBTQ+ communities the space they urgently needed to simply be themselves. But our cities should be built in such a way that everyone feels at home
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Featured events
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Online, Birmingham, Warwickshire, B15 2TT, United Kingdom of Great Britain and Northern Ireland — University of Birmingham
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Online Oxford Martin School Event, Online, Oxfordshire, N/A, United Kingdom of Great Britain and Northern Ireland — University of Oxford
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Online, Birmingham, Birmingham, B15 2TT, United Kingdom of Great Britain and Northern Ireland — University of Birmingham
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University of Reading, Whiteknights, PO Box 217 , Reading , Reading, RG6 6AH, United Kingdom of Great Britain and Northern Ireland — University of Reading
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