Australia has under-performed peer economies in attracting US investment since the passage of Trump’s Tax Cuts and Jobs Act in 2017. President Biden’s proposed tax changes will improve Australia’s attractiveness on a relative basis, but will likely weigh on US corporate investment globally.
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Japan lacks comprehensive legal protections against discrimination on the grounds of sexual orientation and gender identity, as well as same-sex relationship recognition laws. There have been some promising recent legal developments, but strategies for reform might be usefully reconsidered.