An excellent analysis: “Profit shifting by multinational corporations doesn’t distort Ireland’s balance of payments; it constitutes Ireland’s balance of payments.”
Read here
Brad Setser: Tax Avoidance and the Irish Balance of Payments
Corruption
Corporate Europe Observatory – Business lobbies dominate secret channel to influence EU Council
You may not have heard of the EU Council’s 150 working parties, but they play an important role in preparing the positions that member states take in the Council on proposed EU laws and policies. […]
EU politics
Turkish Minute: Turkish gov’t removes deputy head of TurkStat after inflation announced at 24.52 pct
If there was any doubters of Turkey being ready for the EU, this proves them wrong. This demonstrates Erdogans ability to decisively deal with economic crisis. He is probably just one dramatic austerity programme away […]
EU politics
Forbes: Bank Of England Spends Billions Bailing Out Europe’s Richest Families
Emergency financial aid from the U.K. government totalling over £16 billion ($20.6 billion) has been claimed by companies controlled by U.K. and European billionaires. Read here Sir Anthony Bamford chairman of JCB pictured with former […]
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