After Brexit, UK plans corporate tax cuts: Amid fears the British economy may falter in the wake of the June 23 “Brexit” vote to leave the European Union (EU), Finance Minister George Osborne revealed plans to trim the British corporate tax rate to less than 15 percent.
Great Britain’s current corporate tax rate rests at 20 percent.
Osborne’s aim to create a “super competitive economy” involves rate cuts to similar levels in neighboring countries to draw business to the UK and to accommodate British-based firms over fears breaking with the EU would prompt an mass exodus.
Experts estimate the rate cut below 15 percent would cost approximately £10 billion per year.
Osborne’s announcement was met with criticism from Ireland and the Netherlands; both nations vowed to re-evaluate current tax rates to remain competitive.
Taliban: No peace until foreign powers leave Afghanistan: Taliban Islamic fundamentalist movement leader Mullah Haibatullah Akhundzada has declared a precursor for eventual peace in Afghanistan is the removal of foreign forces from the country.
Declaring the Taliban endeavors for unity and does not seek a “monopoly on power,” Akhundzada expressed the desire to continue the work of the late Taliban leader, Mullah Mohammad Omar, and labor for justice under Sharia law.
Akhundzada vowed to help the poor, promised to respect the rights of minorities, pledged to respect the rights of women and encouraged Taliban members to reject oppression as a means of governing.
Turkish aid ship reaches Gaza after partial lifting of Israeli blockade: Days after Turkey and Israel struck a deal to resume full diplomatic relations, a Turkish vessel laden with 10,000 pounds of humanitarian aid docked at the Israeli port of Ashdod.
Aid included: Food, clothing, toys and shoes.
Arriving days ahead of the Muslim holiday of Eid, the shipment signals Israel’s commitment to partially lift a long-standing blockade of the Palestinian-governed domain and Jerusalem’s willingness to sanction a Turkish presence in Gaza.
Under the agreement to normalize ties between Ankara and Jerusalem, Turkey plans to construct a hospital, water desalinization plant and a power station in Gaza.
Thailand to buy three Chinese submarines: At a time of uncertainty in the region, the Kingdom of Thailand has announced plans to purchase three submarines from China.
A first for the Thai navy’s arsenal, the submarines are estimated in value at $1 billion.
Since the May 2014 removal of Yingluck Shinawatra’s democratically-elected government, a military faction has ruled the country and has moved to strengthen both military and economic ties to Beijing as Washington retreated in protest over the ouster of Shinawatra.
ISIS re-claims lost area near Manbij: ISIS terrorists re-claimed small quarters of territory lost to Syrian Democratic Forces (SDF) last week in a minor counteroffensive which saw the terror group re-occupy small villages to the northwest and southwest of the Syrian town of Manbij.
Despite the setback, Manbij remains completely surrounded by SDF troops, which have slowly tightened the noose around the ISIS-occupied city.
The SDF, largely made up of Arab and Kurdish troops, denied ISIS made gains and said their offensive has been slowed owing to the fact ISIS lined the perimeter of the city with explosive devices and the U.S.-led airstrikes have halted to avoid causing civilian casualties.
[The Hill] [RT News] [Reuters]