Technology

• [New] While the global technological revolution is expected to displace thousands of jobs in various sectors, upskilling workers by providing digital skills training would prove pivotal for future development. / Free Market Foundation
• [New] Competitive waterborne industries, including the globally active European maritime technology sector, providing the advanced green and digital technologies which will support jobs and growth in Europe. / Science|Business
• The UK government wants to be at the forefront of rolling out autonomous driving technology and the transport ministry forecasts by 2035 around 40% of new UK cars could have self-driving capabilities, creating up to 38,000 new skilled jobs. / Euronews.com
• FedDev Ontario will continue to support Canada's Industrial and Technological Benefits (ITB) Policy, leveraging economic benefits for southern Ontario from Canadian defence procurements to create jobs and economic growth for Canadians. / EIC
• Retrofitting with carbon capture technology would draw upon a similar workforce that exists today in energy communities and could create thousands of new jobs while positioning American industry to compete in a global economy that is rapidly turning toward decarbonization. / The White House
• According to the World Economic Forum's The Future of Jobs Report 2020, 50% of all employees will need new skills in the next five years to keep up with the pace of technology. / The 360 Blog from Salesforce
• By supporting a series of demonstration projects that help DAC technologies break into commercial markets, federal investments will help launch a full-scale DAC industry, creating 300,000 jobs by 2050. / Third Way
• The Technology Ireland ICT Skillnet, with support from Skillnet Ireland, is now offering eight Tech Skills Training Pathways to help non-tech job seekers rapidly and easily develop new digital skills and access new job opportunities as a result. / Think Business
• Women's jobs have a 70% or higher probability of future automation, translating globally to 180 million jobs held by women that could be eliminated over the next 20 years. / Forbes
• 11% of jobs currently held by women are at risk of elimination as a result of AI and other digital technologies. / Forbes
• Carbon capture and storage technology will help reduce carbon emissions and create new jobs in Wyoming at the same time. / Senator Tina Smith
• More than 21,000 new jobs could be created over the next five years, and 92,000 by 2041, mostly in new carbon cutting green industries and technologies. / WSPglobal
• With ongoing economic and technological transformations, as well as future unforeseeable shocks, California workers will need support to access future and quality jobs, to change occupations, and to build new skills. / Labor California
• Advanced economies could use more progressive income taxes, inheritance and property taxes, and taxes on excess corporate profits to help reduce inequalities exposed by the COVID-19 pandemic. / U.S.
• A seven point jump in the tax rate could have a significant impact on foreign investment in the US, but as a big dynamic economy, we can sustain an above-average tax rate more easily than a small open economy. / Manila Standard
• Electric vehicles are back on the political agenda thanks to the new Labor EV policy statement released on Tuesday at the ALP national conference, which has shifted from a target of 50% EV sales by 2030 to a commitment to slash import tariffs and fringe benefits tax for electric cars. / The Driven
• The President's tax reform proposal will increase the minimum tax on U.S. corporations to 21% and calculate it on a country-by-country basis so it hits profits in tax havens. / The White House
• President Biden's reform will make the United States a leader again in the world and help bring an end to the race-to-the-bottom on corporate tax rates that allows countries to gain a competitive advantage by becoming tax havens. / The White House
• Alongside the Infrastructure Plan, the Biden administration released a Made in America Tax Plan, which is designed to reward US investment, eliminate profit shifting and ensure other nations will not gain a competitive edge by becoming tax havens. / Law360
• The federal proposals will require distribution platform operators to register for GST/HST under the general rules and collect the appropriate tax on sales through their platforms of goods located in Canada by unregistered vendors. / Robertson Ryan & Associates, Inc.
• The Biden administration has warned it could slap 25% tariffs on British exports to the US after the UK levied a digital services tax on major technology companies. / The Guardian
• For the first time in more than two decades, New York expects property tax receipts to decline, by an estimated $2.5 billion in the next fiscal year. / The New York Times

Last updated: 09 May 2021