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Donald Trump on Wednesday unveiled an ambitious tax plan, proposing sweeping tax cuts for individuals and corporations in what the president dubbed a “once-in-a-generation” opportunity to overhaul America’s tax code.
Speaking at an event in Indiana, Trump called the current tax system a “relic” while rolling out a proposal that seeks to simplify the tax code and nearly doubles the standard deduction to $12,000 for individuals and $24,000 for families. Read more HERE.
Donald Trump is pushing the Afghan president, Ashraf Ghani, to close a Taliban mission in Qatar, which has been a channel for dialogue for more than six years, according to several sources familiar with discussions between the two countries.
Ghani is expected to agree to the closure, but a final decision has not yet been reached. The issue was raised at a meeting between the two leaders on Thursday. The Afghan leadership sees the 36 which the Taliban calls its ‘political office’. Read more HERE.
Angela Merkel faces tough negotiations in coming weeks as she attempts to engineer a governing coalition that can withstand pressure from the far right, which has swept into the German parliament for the first time in over five decades.
The German chancellor’s centre-right Christian Democrat-led alliance took 33% of the vote in Sunday’s election – its worst result since 1949 but enough to remain the largest force in parliament. Read more HERE.
Theresa May will call on EU leaders to be more “imaginative and creative” about Brexit in her long-awaited speech in Florence, after Michel Barnier, the EU’s chief negotiator, warned that a substantive offer to settle the UK’s bills was needed to break the deadlock in talks.
The prime minister will urge her European counterparts to share her vision for building a successful new relationship between the UK and EU after Brexit. Read more HERE
Japan must brace itself for the possible launch of a nuclear-armed North Korean missile over its territory if the regime carries out a threat to test a hydrogen bomb in the Pacific Ocean, Japan’s defence minister has said.
The warning followed an extraordinary exchange of insults between Donald Trump and North Korea in response to the US president’s threat at the UN general assembly to “totally destroy” the country if Washington was forced to defend itself or its allies. Read more HERE.