Interesting thing happened last week, my fibre connection went offline for around 5-10 minutes then came back online – Chorus pushing out a firmware update? Maybe, but everything so far has come back online so I’m a happy lad. There hasn’t been any Ubiquiti updates this week for me UDM or HD AP AC but I think they’re getting close to it – I’m happy that they’re taking their time to ensure that they get it right or at least launch without any glaringly obvious bugs.
I had a wonderful dinner from my local Turkish restaurant – grill chicken, fresh salads, wonderfully puffy rice etc. then to top it up all off a couple of pieces of baklava. This week I grabbed some fish ‘n chips from the local take-away store – one of the few fish ‘n chip stores that really do a good job where large numbers these days try to cut corners and it really shows in the final product.
Something interesting that flew below the radar was the announcement as part of Biden’s tax policy was the idea of a global 21% minimum tax (link) and when I heard it I was wondering how it work but it turns out that it’ll work exactly the way I expected. Lets assume that an US based company makes tractors, on paper the company has an office in a country that charges 15% tax, so what will happen is that the office in the country that pays 15% will ‘sell’ their US based office a tractor at the retail price and then sell it at the same price it was bought in at resulting in no profit being made by the US office which reduces the tax but because the tax is calculated on the world wide profits then things start to get interesting.
It’ll be interesting to see the 21% minimum global tax interacts with the 28% US business tax – will at some point the 21% become the minimum effective tax rate? Sounds like a good start if it did. Janet Yellen talked about having a minimum global tax rate – imaging having a minimum effective tax rate of 21% and tariffs on countries that don’t abide to that minimum effective tax rate. If we really want to fix up the situation of income inequality then we really need to deal with those at the top avoiding paying their fair share – paying taxes in proportion to the benefits that they get from the society they exploit.
Good Friday was a nice day off but I’m excited that I’ve got my annual leave sorted out which will be from 2 June to 16 June – covering the WWDC21 which has been rumoured to be a big year and then add to that the announcement of ARMv9, it will be interesting to see what is announced. I don’t expect any sort of hardware announcement but I could imagine some big software announcements particularly around the macOS underpinnings – closing off the kernel to third party extensions as Apple finish up providing the last remaining username based API’s that developers have been eating for so then they can move their driver out of kernel space to user space.