The #US #trade court on Thurs ruled against #Trump's ‌latest 10% global #tariffs, finding across-the-board tariffs were not justified under a 1970s trade #law.

The US Court of International Trade [#CIT] ruled in ​favor of #SmallBusinesses that challenged the ⁠tariffs, which took effect on February ​24. The ruling was 2-1, with one ​judge saying it was premature to grant victory to the small business plaintiffs.

#economy #inflation #tax #consumers #business #recession
https://www.reuters.com/world/us-trade-court-rules-against-trumps-10-global-tariff-2026-05-07/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement

Removing capital gains tax discount will be 'disastrous' for small business
By Nassim Khadem

Some entrepreneurs argue any changes to reduce the capital gains tax discount should carve out the start-up sector. However, tax experts warn this would create too much complexity in an already complicated tax system.

https://www.abc.net.au/news/2026-05-08/tech-entrepreneurs-warn-against-lower-cgt-discount-for-startups/106653438

#Tax #StartUpsandEntrepreneurs #SmallBusinesses #Economy #GigEconomy #SharingEconomy #Technology #NassimKhadem

Entrepreneurs warn against reducing CGT discount on shares

Some entrepreneurs argue any changes to reduce the capital gains tax discount should carve out the start-up sector. However,  tax experts warn this would create too much complexity in an already complicated tax system. 

Anti-Competition by Design

By Cliff Potts, CSO, and Editor-in-Chief of WPS News

Baybay City, Leyte, Philippines — May 6, 2026

Competition is what keeps markets honest. When users can move freely, platforms must earn loyalty through better service. On X, that freedom has narrowed. The system increasingly rewards staying inside one ecosystem and quietly punishes anyone who tries to operate outside it.

This essay explains how that design works and why it harms Filipino creators, journalists, and small businesses.

How Lock-In Replaces Competition

Healthy platforms compete for users by improving tools, reliability, and trust. Unhealthy ones compete by making exit costly.

On X, creators who post links to outside sites often see reduced reach. Accounts that encourage audiences to follow them elsewhere grow more slowly. Over time, users learn an unspoken rule: keep everything inside the platform or accept penalties.

This is not open competition. It is enforced dependence.

Why This Matters More in the Philippines

Filipino creators rarely rely on a single income source. Many combine writing, freelancing, donations, and small online sales. That requires moving audiences between platforms.

When one platform blocks that movement, it blocks income. A creator may have followers, but no way to convert that attention into support elsewhere. The platform keeps the audience. The creator carries the risk.

This imbalance is especially damaging in lower-income markets.

Small Businesses Face the Same Wall

Local businesses use social media to reach customers, then send them to websites, booking pages, or messaging apps. When those links are suppressed, business slows.

Owners often do not know why traffic drops. They blame themselves, not the platform. Meanwhile, the platform keeps users scrolling instead of buying.

Anti-competitive design is most effective when it is quiet.

Choice Without Real Freedom

Supporters often argue that users can leave at any time. In theory, that is true. In practice, audiences are locked in.

Years of work, followers, and reputation are tied to one system. Leaving means starting over. Staying means accepting rules that favor the platform over the user.

That is not free choice. It is constrained choice.

Why This Is a Business Failure

Markets grow when value flows in many directions. Platforms that block movement limit growth for everyone except themselves.

For Filipino users, this means fewer options, lower income, and higher risk. For the platform, it means declining trust and long-term instability.

Anti-competition may protect control in the short term, but it weakens the ecosystem over time.

Looking Ahead

The next essay will examine how these same design choices affect advertisers and why many brands avoid platforms with unpredictable and restrictive behavior.

When competition is designed out of the system, users always pay the price.

For more social commentary, please see Occupy 2.5 at https://Occupy25.com

This essay will be archived in the WPS News Archives at Amazon.

References (APA)

European Commission. (2023). Digital Markets Act and platform competition. https://digital-strategy.ec.europa.eu

Electronic Frontier Foundation. (2023). Competition and platform lock-in. https://www.eff.org

Reuters. (2024). Brands rethink spending on X amid policy changes. https://www.reuters.com

#anticompetition #creatorEconomy #digitalMarkets #internetPlatforms #marketPower #onlineIncome #Philippines #platformEconomics #smallBusinesses #socialMediaPlatforms #Twitter #XPlatform

Australian businesses are falling victim to a new type of fraud
By Adelaide Miller

Higher inflation, a war in the Middle East, and a ban on surcharges are crippling small businesses. Now they are falling victim to a modern crime.

https://www.abc.net.au/news/2026-05-04/fraudulent-chargebacks-hit-small-businesses-financial-pressure/106479208

#SmallBusinesses #ScamsandFraud #BusinessEconomicsandFinance #Banking #AdelaideMiller

Push to regulate chargeback as 'fraud' cripples small online businesses

Higher inflation, a war in the Middle East, and a ban on surcharges are crippling small businesses. Now they are falling victim to a modern crime.

What we lose when big business buys up our favourite little pubs

From a tiny Riverina pub to a polished inner-city institution, Australia's local pubs are changing hands at record pace. As big money pours in, what happens to the communities that built them?

https://www.abc.net.au/news/2026-05-03/local-pub-community-changing-corporate-buy/106611056

#PubsTavernsandBars #Businesses #CommunityOrganisations #SmallBusinesses #BusinessEconomicsandFinance

What do we lose when big business buys up our favourite little pubs

From a tiny Riverina pub to a polished inner-city institution, Australia's local pubs are changing hands at record pace. As big money pours in, what happens to the communities that built them?

Major UK kitchens firm closes 'immediately' as it sends message to all customers

https://fed.brid.gy/r/https://www.mirror.co.uk/news/uk-news/major-uk-kitchens-firm-closes-37102567

UK bakery chain shuts every branch after 109 years in business as company plunges into liquidation

https://fed.brid.gy/r/https://www.mirror.co.uk/news/uk-news/routledges-bakery-chain-liquidators-closing-37095248

Quebec announces tax cut for 75,000 small and medium-sized businesses

https://fed.brid.gy/r/https://globalnews.ca/news/11822897/quebec-tax-cuts-small-medium-businesses/

Quebec cuts taxes for 75,000 small and medium-sized businesses
Quebec Premier Christine Fréchette is offering tax relief to about 75,000 small and medium-sized enterprises (SMEs). Fréchette emphasized this measure comes against a backdrop of economic uncertainty, citing the U.S. tariff war, the war in Ukraine and the conflict in the Middle East, which is driving up energy costs.
https://www.cbc.ca/news/canada/montreal/quebec-tax-relief-small-and-medium-sized-enterprises-9.7181701?cmp=rss
Quebec cuts taxes for 75,000 small and medium-sized businesses
Quebec Premier Christine Fréchette is offering tax relief to about 75,000 small and medium-sized enterprises (SMEs). Fréchette emphasized this measure comes against a backdrop of economic uncertainty, citing the U.S. tariff war, the war in Ukraine and the conflict in the Middle East, which is driving up energy costs.
https://www.cbc.ca/news/canada/montreal/quebec-tax-relief-small-and-medium-sized-enterprises-9.7181701?cmp=rss